AUSTRALIA/NZ RESEARCH NEWS-Credit Suisse ups Boart Longyear
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.
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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
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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
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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 --------------------------------------------------------------- FINDING REUTERS DATA To access broker reports, earnings estimates and other financial information and analytic tools for investment professionals, log in to Reuters Knowledge for Investment Management at www.knowledge.reuters.com
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