Meanwhile, UBS has raised its rating on OZL to "neutral", expecting rising production from PH. It expects the NPAT loss of $61m moves to a loss of $21m. Target price lifted to $3.75, a 7% increase from its former target price.
Read here:
http://www.afr.com/Page/Uuid/7c970b32-524a-11e3-b594-ec01b3426630
afr: ubs: it makes sense for sfr to buy ozl, page-6
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