Macquarie rates AWE as Outperform.
Impairments hit full year numbers and post result Macquarie has cut its numbers in coming years. Price target is unchanged.
Valuation is likely to come to centre stage now the deck clearing under new management appears complete, so Macquarie retains an Outperform rating.
Target price is $2.30 Current Price is $1.25 Difference:$1.05
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