NST – Credit Suisse rates the stock as Underperform

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First-half net profit beat Credit Suisse estimates because of toll treatment contributions that were not discernible from the quarterly reports.

FY20 guidance is unchanged and a stronger second half is expected.? Underperform rating and $10.30 target maintained.

Sector: Materials.

Target price is $10.30.Current Price is $13.67. Difference: ($3.37) – (brackets indicate current price is over target). If NST meets the Credit Suisse target it will return approximately -33% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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