McGuigan Simeon Wines

ABN Amro has rated the McGuigan Simeon Wines (MGW) stock as a Hold with a share price target of $2.45 (down 15 cents). The stockbroker has commented that the wine producer is about a year away from being a turnaround candidate as the company continues to write down their inventory. Deutsche Bank have a Hold rating for McGuigan Simeon with a stock price target of $2.40. JP Morgan has an Overweight stock rating and a share price target of $3.50. UBS rates MGW as a Neutral 2, with their share price target falling by 36 cents down to $2.54.