I was reading through the today's brokers ratings and had a bit of a chuckle after noticing Citi have more than doubled their price target for MQG and suggesting we shouldn't be focusing on balance sheets.
"Citi - 04/05/2009 MQG Target: $24.73 : The FY09 result was broadly in line with Citi's expectations...."
"Citi - 23/07/2009 MQG Target: $50.92: ...the broker thinks it's time to switch the focus from the balance sheet..."
titanic thursday, page-2
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