Broker Watch: FWD, GUD, ARP
Fleetwood Corporation; GUD Holdings; ARB Corporation.
Claire Stewart
FLEETWOOD CORPORATION (FWD)
Credit Suisse has decreased its target price on Fleetwood Corporation to $11.10 from $13.90 after the accommodation provider secured an extension of its Karratha contract with Woodside Petroleum, but with a 20 per cent reduction in minimum required rooms. The broker has kept is “neutral" rating.
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