Looking good...needs to break through resistance at 0.88.
0813 [Dow Jones]STOCK CALL: Credit Suisse First Boston upgrades Burns Philp (BPC) to Outperform from Underperform after lifts earnings forecasts; ups FY06 net profit estimate 30% due to potential wheat cost savings. Also predicts higher-than-expected interest savings and strong prospects for EPS accretive acquisition within 12 months; cites possible target as U.S.-based Pinnacle Foods. Ups price target to A$1.15 from 82 cents, vs latest 85 cents.
BPC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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