Column 1 Column 2 Column 3 0 CITI Upgrade to Buy from Neutral $3.90 27.87% 1
- COMMENTARYThe company's downgrade to production guidance reflects increased risk shorter term, Citi analysts suggest, but assuming short term issues are successfully addressed, current share price weakness shall represent a buying opportunity longer term.Citi upgrades to Buy/High Risk with a target of $3.90, down from $4.75 prior. As the company wants to avoid a new capital raising to fund the planned doubling of production capacity, Citi is now assuming a six months delay.
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