Ord Minnett has a June 2012 price target on PNA of $4.20 with a high risk rating. That's down from $4.40 before the most recent ann. The main cause of the decline seems to be the lower than expected 2012 guidance from PNA. They also note the BH ramp up schedule is now slower than previously expected - production is now expected to commence in March rather than be in ramp up mode during the March quarter.
Ord Minnett has a June 2012 price target on PNA of $4.20 with a...
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