BKN bradken limited
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gs jbwere said buy - price target $8.99

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    08/08/09
    20:32
    Post #: 5484863
    Bradken announced results yesterday and had a heap of positive comments from brokers this morning. Goldman Sachs JB Were upgraded it Buy with a target price 899c - current share price: 600c – Says following better than expected FY09 result has significantly upgraded earnings forecasts from the group over the next few years based on the group’s strong leverage to GDP growth and mining production volumes. The group is trading on FY10 PE ratio of 11.5 times which it says is a discount to the ASX 200 industrial average of 13.5 times. Believes the group should be now trading at a premium. Macquarie has aNeutral rating on the stock target price 513c. UBS has a Buy on the stock target price increased to 695c.
    BKN Price at posting: $6.18 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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