I have just read the lastest RBS Morgans report out today
Its a note addon to the October 7th report
It rates BTA as a BUY and to use any weakness to buy too $3.22.
A few key points include:
* The BTA share price has fallen sharply today after a broker downgraded the stock to a sell with a A$2.28 price target. We are far more positive on the stock and note that over the coming quarters expected newsflow and milestones should maintain investor interest.
* We acknowledge the share price has rallied significantly over the last month (in fact at one point it was through our price target of A$3.22) as concern continues over the HINI pandemic. However today's share price reaction seems over done.
BTA Price at posting:
$2.68 Sentiment: ST Buy Disclosure: Held
