MND – Deutsche Bank rates the stock as Sell

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Management has guided to first-half revenue being down -10% versus the prior corresponding half. Deutsche Bank had been forecasting a decline of -15%.

The broker maintains a Sell rating and $11.72 target.

Sector: Capital Goods.

Target price is $11.72.Current Price is $13.70. Difference: ($1.98) – (brackets indicate current price is over target). If MND meets the Deutsche Bank target it will return approximately -17% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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