GSJB Were maintain their BUY recommendation on Boart Longyear (BLY) with a 126c target price – 530% above the current share price – saying the recognize the “significant headwinds” that Boart Longyear faces but trading on a 2008 PER of close to 1x and with the major refinance still a year, they consider it too good of an opportunity to give up.
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