Previous report from Credit Suisse - 25/05/2011Upgrade to...

Previous report from Credit Suisse - 25/05/2011
Upgrade to Outperform from Neutral.
Target - (a massive) $1.00 falling from its early 2011 target of $1.20 and its 2010 target of $1.70

Their latest report rates MPO as Downgrade to Neutral from Outperform. Following on from its production report Molopo has downgraded FY11 earnings guidance. Given the moratorium on shale in place in Quebec, the broker has decided to remove its shale premium for Molopo for now which is worth 14c to valuation. Target price drop to 90c from $1.00 and a downgrade to Neutral.