It's due the 23rd Feb.
Merrill Lynch downgraded the stock to Underperform from Hold overnight - due to weaker consumer sentiment, higher fuel prices and Qld floods.
They remain supportive of the VBA repositioning strategy and have a valuation of 0.43c.
Although their target price is above the current price, downgrades like this spur quant funds into selling, which is probably what we are now seeing.
All IMO.
It's due the 23rd Feb.Merrill Lynch downgraded the stock to...
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