macquarie upgrades target price to $ 3.60, page-2

drsaboune,

You should be ashamed of yourself with that poultry post ; )

Why not post the whole thing:

DJ MARKET TALK: Macquarie Ups Incitec Target, Keeps Outperform


2351 GMT ¦Dow Jones¨ STOCK CALL: Macquarie boosts Incitec (IPL.AU) target to A$3.61 from A$3.50 after survey of eastern Australian fertilizer buyers to gauge industry sentiment. Keeps Outperform. AUD domestic diammonium phosphate prices are on the rise with buyers reporting a A$20 a metric ton increase in the past few weeks with DAP ex-Tampa at US$350 a ton due to an anticipated global demand recovery in the New Year, Macquarie says in a client note. Domestic DAP prices are currently around A$500-A$550 a ton and industry sources suggest prices may rise a further A$30 a ton as global and domestic demand ramps up through CY10 1Q, it says. Last trade down a cent to A$3.23. (ABH)



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