1020 [Dow Jones] STOCK CALL: Bradken upgraded to Buy from Hold by GSJBW. Price target A$8.99. Says FY09 result beat market expectations, driven by revenue growth and Rail and Engineered Products divisions. Expects BKN to trade at 10% p/e premium to overall market because of increased likelihood of strong upturn in FY11. Follows guidance for FY10 profit similar to FY09, weighted toward 2H. BKN last up 5.8% at A$6.35. (DWR)
BKN Price at posting:
$6.25 Sentiment: ST Buy Disclosure: Held
