FMG 0.79% $19.98 fortescue ltd

latest news, page-4

  1. 13,367 Posts.
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    I know I was a bear on FMG a few weeks ago but this I find a bit hard to swallow.

    "``We remain cautious of the aggressive ramp-up targets and the ability of all parts of the infrastructure chain to support Fortescue's aggressive expansion plans,'' Macquarie Group Ltd. analyst Len Eldridge said in a April 29 report. He has an ``underperform'' recommendation and a price target of A$4.10 on the stock."
    http://www.bloomberg.com/apps/news?pid=20601081&sid=aHk4hDB0d2_c&refer=australia

    Is Macquarie going to short sell? They will need to to sell down this Bull in and IO frenzy.
 
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