1011 [Dow Jones] STOCK CALL: Iluka (ILU.AU) upgraded to Buy from...

1011 [Dow Jones] STOCK CALL: Iluka (ILU.AU) upgraded to Buy from Hold by Goldman Sachs JBWere, with price target boosted 29% to A$5.50 from A$4.25. Follows impact that BHP Billiton's (BHP.AU) change to shorter-term iron ore pricing mechanisms has on royalty contract Iluka has over BHP's Mining Area C in Pilbara. While adjustment only boosts Iluka's earnings forecast 1.9% in FY11, analyst also notes the recovery of Chinese zircon import volumes should lead to "increased sales and potentially higher prices in FY10, rather than FY11. Shares early up 1.6% at A$4.45. ([email protected])