https://www.sharecafe.com.au/2019/03/18/syr-credit-suisse-rates-t...

https://www.sharecafe.com.au/2019/03/18/syr-credit-suisse-rates-the-stock-as-outperform-7/



BROKER NEWS
March 18, 2019
SYR – Credit Suisse rates the stock as Outperform

By Broker News | More Articles by Broker News

Syrah Resources has downgraded its March quarter graphite price to US$460-470/t from prior guidance of US$500-600/t provided in January.
The lower price realisation is attributed to mix and a faster-than-expected close of lower-priced historical 2018 contracts.
Credit Suisse maintains an Outperform rating and reduces the target to $3.50 from $4.05.
Sector: Materials.
Target price is $3.50.Current Price is $1.09. Difference: $2.41 – (brackets indicate current price is over target). If SYR meets the Credit Suisse target it will return approximately 69% (excluding dividends, fees and charges – negative figures indicate an expected loss).