Colorado
The loser of the week is retailer Colorado (CDO), which dropped 12 per cent after announcing a modest rise in profits. (The worst performing stock on the Australian sharemarket for week 39 of 2006). CDO was a winner of the week back in June 2006.
ABN Amro has rated the Colorado Group (CDO) stock as Upgrade to Buy from Hold with a share price target of $4.25 from $4.28. The broker has upgraded its recommendation following weakness in the share price, as this means the stock is again at a 30 per cent discount to its peers. Supporting its rating is management's reiteration of previous earnings guidance for FY07. Colorado Group Limited is listed on the Australian Stock Exchange (ASX) under stock code CDO. Check your charts!
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