Credit Suisse expects Boral earnings to undershoot previously bearish forecasts, while Cathay Pacific and SMS Management & Technology also take a downgrade.

Credit Suisse reduced the stock to neutral from outperform and lowered its target price to $3.90 from $3.95. "Reflecting pervasive weakness in end-markets, Boral’s first-quarter trading update confirms not only its challenges, but those across the sector. Operational earnings in 2013 will undershoot previous bearish expectations, while cost cut initiatives remain the key profit driver”, it said.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles