*DJ OZ Minerals Target Cut To A$0.60 From A$0.83 By JPMorgan *DJ OZ Minerals Upgraded To Overweight From Neutral By JPMorgan *DJ OZ Minerals Restarted At Buy At Merrill Lynch, Target A$0.75 *DJ OZ Minerals Target Cut To A$0.60 From A$0.83 By UBS *DJ OZ Minerals Downgraded To Neutral From Buy By UBS *DJ OZ Minerals Target Cut To A$0.70 From A$0.83 By CS *DJ OZ Minerals Upped To Hold From Sell By Patersons
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2204 GMT [Dow Jones] STOCK CALL: OZ Minerals (OZL.AU) downgraded to Neutral from Buy by UBS and target price cut to A$0.60 from A$0.83 while Credit Suisse cuts target price to A$0.70 from A$0.83 and retains Neutral rating following revised offer from MinMetals. UBS says assuming deal goes ahead, OZL likely to pursue sale of Martabe and be a debt-free copper and gold producer with further development potential from Prominent Hill. CS says while FIRB approval of deal can't be assumed, completion risk appears low and would represent a very good outcome for OZL shareholders. (WEL)
OZL Price at posting:
$5.35 Sentiment: None Disclosure: Held