MTU
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0.00% $12.17 m2 group ltd

Hi,BFG have increased their price target to $5.15 per share!!On...

  1. smalldiamond
    528 Posts.
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    23/03/11
    04:56
    Post #: 8149991
    Hi,

    BFG have increased their price target to $5.15 per share!!

    On the back of a significant earnings upgrade and associated cashflow benefit from favourable wholesale pricing reductions, we have increased our price target and DCF valuation by 25% to $5.15 per share (from $4.10 per share).

    Our recommendation remains a BUY.

    SD

    http://m2.com.au/__data/assets/pdf_file/0006/10203/BGF-11_MTU_0803-guidance-upgrade.pdf
    MTU Price at posting: $3.60 Sentiment: Buy Disclosure: Held
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