Downer's upward momentum

The engineering contractor is rebuilding again after a sharp price dip in 2013.

It is too early to forecast a widespread recovery in the performance of engineering and contracting companies, but it is not too early to see individual stocks outperform. That is what Downer EDI has been doing over the past six months, and should continue to do.

Since crashing with its peers in the first-half of last year, Downer has staged a remarkable recovery to be within sight of its three-year share price high and with forecasts of a higher price to come over the next 12-months.

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