Deutsche Bank, on the other hand, maintains MRE as a hold with a 98c target.
http://money.ninemsn.com.au/article.aspx?id=8197819
MINARA FPO 18 January,2011
18/01/2011 02:10 Sydney, Australia.
Price Change % Change
0.915 -0.045 -4.690%
MRE.AX , 0.915, -0.045, -4.690%) as Hold (3) - Target $0.98 (was $0.97). December quarter production was down 13% in quarter-on-quarter terms but beat the broker's forecast. On the back of the report the broker makes only minor changes to its earnings estimates. The company has cash on hand that should allow it to pursue exploration and growth options but the broker sees some downside risk to production guidance for 2011. Hold rating is unchanged.
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