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).