AUSTRALIA/NZ RESEARCH NEWS-Credit Suisse ups Boart Longyear

Mon Jun 2, 2008 6:56am BST
 
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 Research action on Australian and New Zealand companies on
Monday:
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Boart Longyear   Credit Suisse    Raises to outperform from
 (BLY.AX)                         neutral after company lifted
                               revenue guidance to 20-25%
                               from 15% for 2008.
---------------------------------------------------------------
Virgin Blue      UBS              Raises to neutral from sell,
Airlines Ltd                      saying forecast for A$40
(VBA.AX)                          million net loss in fiscal
                               2009 already in share price
---------------------------------------------------------------
Santos Ltd       Citi             Raises to buy from hold after
(STO.AX)                          Petronas partnership in LNG
                               project, saying $2 billion
                               cash payment and net interest
                               has increased forecast 2009
                               earnings by 14 percent
---------------------------------------------------------------
Origin Energy    Citi             Upgrades to buy from hold on
 (ORG.AX)                         increased reserves, giving
                               12-month price target of
                               $23.70
              JP Morgan        Upgrades to overweight from
                               neutral, saying BG offer
                               signals significant upside in
                               short term and a 12-month
                               target price of A$18 a share
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