patersons updates buy for pan

Patersons (PSL) provided an update on its BUY recommendation for PAN, based on the quarterly results. You can read the summary here (Patersons clients likely have access to a full report related to this summary):
https://secure.psl.com.au/publication/your-market-daily/your-market-daily-121023

Briefly, the summary says:
-- higher production but also higher costs than PSL estimates
-- good cash flow (putting PAN in a "solid position to benefit from any turn in nickel prices")
-- cost savings program could add 12-18 cents/sh to target price
-- notes feasibility studies for Gidgee and Mt Henry

Patersons raises PAN's target price to $1.27/she (up from $1.24/sh)