AAD - RBS Australia rates the stock as Upgrade to Buy from Hold
BY BROKER NEWS - 07/04/2010
Sustained share price weakness in recent months has seen the broker upgrade to a Buy rating, supported by a yield of better than 9% offsetting what is expected to be more modest profit growth going forward.
Shorter-term the broker suggests the current school holiday period will be critical for the group's theme park performance, which in turn will determine whether the company is able to meet market earnings expectations.
Sector: Real Estate.
Target price is $1.68.Current Price is $1.36. Difference: $0.33 - (brackets indicate current price is over target). If AAD meets the RBS Australia target it will return approximately 19% (excluding dividends, fees and charges - negative figures indicate an expected loss).
another broker upgrade
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