looks like credit suisse was caught with its pants down
they upgraded there recommendation Underperform to Outperform
"Credit Suisse 26/11/2008 1 Upgrade to Outperform from Underperform $1.20 120.2% The company has updated on its proposed production cuts and the broker has reacted positively, noting the changes at Century imply a revenue hit of $38m but offer $28m in operating cost reductions and $20m in savings. Debt refinancing is also advancing and with the company addressing its issues the broker sees upside scope from current levels, hence the upgrade to an Outperform rating."
I reckon that analyst might be driving taxis for living soon.
OZL Price at posting:
55.0¢ Sentiment: None Disclosure: Held
