Analysts at UBS have taken a positive stance regarding recent developments in the Pilbara and the implications that they have for Fleetwood Corporation. In particular they cited recently announced iron ore expansions by Rio Tinto and Fortescue Metals Group, as well as Woodside Petroleum’s intention to order long lead time items next year in relation to Pluto LNG Train 2.

UBS has increased its earnings per share estimates from 2010-11 to 2012-13 inclusive. The broker has upgraded its recommendation from “neutral" to “buy" and increased its 12-month price target from $13.20 to $13.75.