Credit Suisse rates BKN.AX , 7.220, -0.410, -5.370%) as...

Credit Suisse rates

BKN.AX , 7.220, -0.410, -5.370%) as Outperform - Bradken first half FY08 result was slightly ahead of management guidance, and the company has maintained its FY08 guidance allaying fears surrounding short-term downgrades. Margin growth across all businesses (power and cement the exception) was driven by price growth and some retained cost savings. The analysts have not changed earnings estimates but have reduced the target price from $12.00 to $9.75. More