BPC burns, philp & company limited

Looking good...needs to break through resistance at 0.88. 0813...

  1. 2,141 Posts.
    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.

 
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Currently unlisted public company.

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