DJ MARKET TALK: Riversdale Target Upped To A$10.50 By CS 2304...

DJ MARKET TALK: Riversdale Target Upped To A$10.50 By CS

2304 GMT [Dow Jones] STOCK CALL: Credit Suisse hoists Riversdale (RIV.AU) price
target to A$10.50 from A$6.25 vs A$9.20 last trade, retains Neutral recommendation. Says
company's Mozambique assets base makes it a relative winner from resource super
profits tax proposal. "In fact, with the proposed decrease in the company tax rate
to 25%, Riversdale actually benefits," Credit Suisse says. Adds proposed tax could
affect global metallurgical supply in tight period to 2012 if it causes delay to
infrastructure expansion, potentially providing support for coal prices. Says bidding war
for Macarthur Coal (MCC.AU) suggests Riversdale isn't takeover proof.
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