Deutsche Bank 10/12/2009 1 Buy $0.25 56.3%
Post a 2-day strategy update and site visit the broker continues to expect an improvement in Rural Services earnings margin from 2.3% in FY08 to 4.1% in FY12.
Deutsche notes management outlined 5 key factors necessary to achieve this margin improvement, with the broker expecting to see some "encouraging signs" from as early as FY10.
Buy and target maintained, as Deutsche sees Rural Services margins as the key for Elders.
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Deutsche Bank 10/12/2009 1 Buy $0.25 56.3%Post a 2-day strategy...
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