dow jones

0914 [Dow Jones] STOCK CALL: UBS raises target price for Macarthur Coal (MCC.AU) to A$10.50 from A$8.50, maintains buy rating. Says coal producers are currently meeting demand from inventory, further market tightness anticipated in months ahead. "We believe the market may be willing to ascribe a premium to MCC in anticipation of better pricing," UBS says. Net profit was at top of guidance and in line with UBS estimate; says payment of a dividend reflects Macarthur's renewed confidence in the outlook. MCC last trade A$9.40.(APW)