DOW 0.53% $5.69 downer edi limited

UBS 31/03/2010 1 Buy $9.50 27.3%After falling by around 15%, UBS...

  1. 2,602 Posts.
    UBS 31/03/2010 1 Buy $9.50 27.3%

    After falling by around 15%, UBS feels DOW now looks quite cheap.

    Reliance Rail is seen as being the drag, particularly its credit rating.

    However, this concern is misplaced, UBS says.

    Target price is $9.50 Current Price is $7.36 Difference: $2.14
    If DOW meets the UBS target it will return approximately 29% (excluding dividends, fees and charges).
 
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