SB Citigroup: PMP Limited (PMP) Recommendation

Submitted by Craig Strzelecki on 1 May, 2006 - 11:51

SB Citigroup has changed their recommendation for PMP as an Upgrade to Hold from Sell, High Risk while lifting their target price from $1.40 to $1.50. SB Citigroup notes that the stock price has fell back to a valuation range that justified the sell rating. SB Citigroup’s view on the printing industry as "brutally competitive".

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