Deutsche bank 01/03/2017| 1| Buy| $4.11| 34.75% COMMENTARYFirst...

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Deutsche bank 01/03/2017	1	Buy	$4.11	34.75%
1	COMMENTARYFirst half net profit was above estimates. The company has flagged a -20% downgrade to FY17 production guidance because of problems with the lithium inventory within the brine ponds.This is not a long-term concern but Deutsche Bank is extremely disappointed, given this half had promised increased production and cash flow.Nevertheless, the company does not need to raise capital in the short term and the broker maintains a Buy rating. Target is reduced to $4.10 from $4.50.