SHARE CAFE COMMENTARY
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VBA - Credit Suisse rates the stock as Outperform
BY BROKER NEWS - 10/07/2009
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The broker suggests the proposed Virgin Blue/Delta tie up is a positive for both sides as it will allow for agreement on capacity schedules as well as rationalising staff and equipment.
It would also suggest the proposal would ease concerns of a capital raising and if this proves to be the case it expects the share price to receive some support.
This means no change to the broker's Outperform rating. Sector: Transportation.
Target price is $0.84.Current Price is $0.31. Difference: $0.54 - (brackets indicate current price is over target). If VBA meets the Credit Suisse target it will return approximately 64% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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