share price?, page-8

I read the Macquarie Report. Its all airy fairy stuff about their concerns of projects potentially being delayed and the sensitivity of earnings to Roy Hill going ahead. Despite the fact they value the business at $6.31 to $7.04, they nevertheless have reduced the price target to $5.34 and downgraded their rating from Buy to Neutral.

This is a great example of how brokers driver short term sentiment in the market, despite the fact a lot of what they say is their opinion, rather than fact.