Don't really pay much attention to broker calls but here they...

Don't really pay much attention to broker calls but here they are:

Trimmed some of my portfolio to buy in the low 9c's this afternoon. I'm done discussing this stock.

JP Morgan 27/02/2009 1 Overweight $0.75 689.5%
Target $0.75 (was $1.00). Earnings came in lower than the broker had forecast with drilling products the major disappointment.

Post the result the broker has cut its forecasts and price target but with valuation compelling in its view there is no change to its Overweight rating.

Credit Suisse 27/02/2009 1 Outperform $0.35 268.4%
Target $0.35 (was $0.50). Earnings came in below the guidance offered in December and so post the result the broker has further lowered its forecasts.

This pushes down its price target on the stock but it retains its Outperform rating given scope for debt reduction, refinancing or an extension to act as a positive share price catalyst.