FPO14 December,201014/12/2010 17:33 Sydney, Australia.RBS...

FPO14 December,2010
14/12/2010 17:33 Sydney, Australia.


RBS Australia rates SWL a buy as Buy (1) - Target $2.47 (was $1.72). The company has succeeded with its Port of Brisbane tender and the broker notes this locks in FY11 revenues and secures 68% of FY12 revenues. This improvement in earnings visibility sees the broker lift its price target and with the stock offering value at current levels in the broker's view its Buy rating is unchanged.