Deutsche Bank has a “hold" rating on mining services company Bradken and a 12-month target price of $6 a share.
Bradken, chaired by Nick Greiner, has made a non-binding proposal to acquire all the shares in Austin Engineering it doesn’t already own. The company currently owns 21.5 per cent.
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Sineva Wilson is a desk editor at The Australian Financial Review. She has worked for Bloomberg and the Financial Times Group. Connect with Sineva on Twitter. Email Sineva at sineva.wilson@afr.com
