BBG billabong international limited
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JP Morgan Buy Rating

  1. dealer64
    740 Posts.
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    02/10/14
    09:40
    Post #: 14062255
    JP Morgan just slapped a buy rating on Billabong

    "Billabong (BBG.AU) is making progress on its turnaround plans and is on the path to revenue growth and Ebitda margin expansion, J.P. Morgan says. It resumes coverage of BBG with an overweight stance and A$0.87/share target, having previously had the stock at underweight and A$0.52. Despite its recent strong share price performance and the risk of an only modest pace of Ebitda recovery in fiscal 2015, the brokerage suggests the risk reward for investors is attractive. BBG last traded at A$0.695."
    BBG Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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