Here are the disclaimers of the report. Be careful with investment banking research notes, conflict of interest is pretty obvious in this case. As the disclaimer says, the bank is looking to receive compensation from Syrah in the very short term, and that's the reason they initiated coverage with a buy rating.
The subject company (SYR.AX) currently is, or was during the 12-month period preceding the date of distribution of this report, a client of Credit Suisse. Credit Suisse provided investment banking services to the subject company (SYR.AX) within the past 12 months. Credit Suisse has managed or co-managed a public offering of securities for the subject company (SYR.AX) within the past 12 months. Credit Suisse has received investment banking related compensation from the subject company (SYR.AX) within the past 12 months Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (SYR.AX) within the next 3 months. As of the end of the preceding month, Credit Suisse beneficially own 1% or more of a class of common equity securities of (SYR.AX).
SYR Price at posting:
$2.85 Sentiment: Sell Disclosure: Not Held
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