re: so where to from here? 0906 [Dow Jones] STOCK CALL: GSJBW cuts Multiplex (MXG.AU) target to A$2.95
from A$4.40, keeps at long-term Sell, short-term Underperform following recent
"shock" profit warning from Wembley. "Essentially we have stripped out every bit
of blue sky," broker says of reduced valuation. Expects construction backlog to
fall to A$6.5 billion from A$6.7 billion, compared with a previous forecast of
up to A$8 billion. MXG latest at A$2.73. (LMF)
MXG
multiplex group
