they still have a $3.85 target and outperform recommendation
2213 GMT [Dow Jones] STOCK CALL: Credit Suisse slashes target price for AED Oil (AED.AU) to A$3.85 from A$7.50 and says the company faces downside risks. Ongoing production problems at the Puffin field in the Timor Sea prompt Credit Suisse to lower production forecasts and cut earnings forecasts by 102% for 2008, 45% for 2009 and 2% in 2010. "The risk remains significantly to the downside despite the company's optimism," CS says. Maintains outperform rating. Last trade A$2.17. (APW)
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
