Incitec Pivot (IPL) Stock Tip
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FacebookMacquarie has rated the Incitec Pivot (IPL) stock as Upgrade to Outperform from Neutral with the share price target rising from $19.32 to $25.22. Macquarie was pleased with Incitec’s (IPL) acquisition of Southern Cross, seeing it as a strategic asset at a good price. To add to this positive, all the signs are good for IPL to achieve its required 18% return. Macquarie has increased their earnings forecast for Incitec Pivot by 50 per cent in 2007-08. Incitec Pivot is listed on the Australian Stock Exchange under stock code IPL. Check your charts.
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