Incitec Pivot (IPL) Stock Tip

Submitted by Craig Strzelecki on Thu, 11/05/2006 - 09:57.

ABN Amro rates the Incitec Pivot (IPL) stock as Buy with a price target of $25.00 increasing from $21.50. The broker suggests that the stock will benefit from the Orica sell-down and the share buyback and the acquisition of Southern Cross Fertilisers, which would add to EPS. ABN Amro has also increased their valuation for Incitec (IPL) from $21.48 to $25.70. Incitec Pivot Ltd. is listed on the Australian Stock Exchange under stock code IPL. Check your charts.

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