1120 [Dow Jones] EARNINGS WATCH: ABN AMRO lifts Babcock & Brown...

1120 [Dow Jones] EARNINGS WATCH: ABN AMRO lifts Babcock & Brown (BNB.AU) to Add from Hold; price target A$20.00. "With two divisions outperforming full-year forecasts in only six months, we see risks to the upside." Adds, "In the near term, asset growth should also be boosted by investing all the capital raised over the past six months via the satellite funds as well as by the potential for increasing gearing." BNB up 4.9% at A$18.04. (DWR)