Upside for Imdex not in sight

Analysts remain cautious about the outlook of the drilling services company due to weaker demand in the business's minerals segment.

The rebound in confidence towards mining engineers seems to be eluding drilling services firm Imdex (IMD).

While the stock may have bounced around 37% to around 85 cents since the market bottomed in late June, analysts still have reservations about the outlook of the company as demand for its products and services may not have bottomed.

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