Following up on this, I thought it would be informative to summarise recent analyst recommendations (taken from NABtrade news; as usual these should be taken with a grain of salt):
Morgan Stanley: $6.00 (31% cut, from outperform to sell)
Paterson's: $7.60 (16% cut, with a 'be patient' warning)
Macquarie: $7.20 (10% cut, from outperform to neutral)
Goldman Sachs: $8.25 (9% cut)
Credit Suisse: $7.00 (20% cut)
Deutsche Bank: $6.90 (%20 cut)
To put that into context, we've seen about a 14% fall in SP since their results release, but about 26% since December.
IIN Price at posting:
$6.18 Sentiment: Hold Disclosure: Held
