dow jones boosts price target..credit suisse

0844 [Dow Jones] STOCK CALL: Credit Suisse boosts Bradken (BKN.AU) target to A$7.10 from A$6.50 and average FY10-12 earnings by more than 3% on greater confidence in business model and short-term earnings outlook. "We believe underlying business conditions are improving for Bradken," CS says. Notes a recovery in resource demand, strong tendering environment for rail, stabilization of activity levels for U.S. unit and better debt reduction. Forecasts FY10 net profit of A$66.4 million. Keeps Neutral recommendation with BKN trading at 12.6X FY10 p/e. Last trade A$6.51. (ABH)