Analyst Reports
Forsyth Barr - August 2010
Forsyth Barr updated research on 26 August 2010 with a dcf valuation of NZ$1.16 and maintained its ACCUMULATE recommendation. Contact person andrew.harvey-green@forbar.co.nz
Goldman Sachs JBWere - August 2010
Goldman Sachs JBWere updated research on 25 August 2010 with a 12 month price target of NZ$1.50 and maintained its BUY recommendation. Contact person matthew.henry@gsjbw.com
Deutsche Bank - August 2010
Deutsche Bank updated research on 25 August 2010 with a 12 month price target of NZ$1.39 using a dcf methodology and maintained its BUY recommendation. Contact person grant.swanepoel@db.com
UBS - August 2010
UBS updated research on 25 August 2010 with a 12 months price target of NZ$1.22 and maintains a BUY recommendation. Contact person wade.gardiner@ubs.com
Macquarie - August 2010
Macquarie updated research on 5 August 2010 with a 12 month price target of NZ$1.18 and maintained their OUTPERFORM recommendation. Contact person brooke.bone@macquarie.com
First NZ Capital - July 2010
First NZ Capital updated research on 30 July 2010 with a 12 month price target of NZ$1.06 (DCF valuation is NZ$1.33) and an UNDERPERFORM recommendation. Contact person jason.familton@fnzc.co.nz
McDouall Stuart - May 2010
McDouall Stuart updated research on 5 May 2010 with a discounted cashflow valuation of NZ$1.95 and a BUY recommendation. Contact person john.kidd@mcdouallstuart.co.nz
Craigs Investment Partners - April 2010
Craigs Investment Partners updated research on 20 April 2010 with a 12 month price target of NZ$1.20 and a BUY recommendation. Contact person grant.swanepoel@craigsip.com
McDouall Stuart - March 2009 Coal Sector Report
McDouall Stuart provided a report on the international coal sector.