Live preview mode. Wire is not yet published.
Deutsche upgrades Newcrest (NCM) to HOLD from a sell rating after they announced that Sandeep Biswas will succeed Greg Robinson as CEO in the second half of...
Deutsche upgrades Newcrest (NCM) to HOLD from a sell rating after they announced that Sandeep Biswas will succeed Greg Robinson as CEO in the second half of FY14. Mr Biswas was in charge of Rio's Pacific aluminium unit, which made significant operational strides under the incoming Newcrest boss although plans for a sale or initial public offering failed. Deutsche thinks the move will be well received by investors and it could signal the start of further strategic decisions in the next couple of years. Price target is now $11.00. Citi and UBS maintain their sell ratings on the company.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
2 topics
Comments
Comments
Sign In or Join Free to comment