KCN – Citi rates the stock as Buy, High Risk

Q4 production is seen as solid coming in just ahead of Citi expectations.

However lower than expected costs prompt the analysts to raise their FY10 profit forecasts by 4%.

With the company continuing to deliver on operational targets, the analysts see good upside in the stock. 

Sector: Materials.

Target price is $12.00.Current Price is $9.51. Difference: $2.49 – (brackets indicate current price is over target). If KCN meets the Citi target it will return approximately 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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