Following a meeting with management the broker now expects a turnaround in FY10 in the group's operations in Arizona from a loss to a small profit.
This pushes up its forecasts and price target on the stock and with strong long-term growth potential the broker retains its Outperform rating on the stock. Sector: Software and Services.
Target price is $3.10.Current Price is $2.46. Difference: $0.64 - (brackets indicate current price is over target). If RDF meets the Credit Suisse target it will return approximately 21% (excluding dividends, fees and charges - negative figures indicate an expected loss).
RDF Price at posting:
$2.40 Sentiment: None Disclosure: Not Held
