KCN – Citi rates the stock as Buy, High Risk

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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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