TME - Credit Suisse rates the stock as Neutral
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Credit Suisse considers the company's briefing highlights a clear sense of purpose across vertical markets and the work that is underway to address a range of growth opportunities.
The main question for the broker is the extent of upside these opportunities can present and over what timeframe. Capital management is on the table and FY18 guidance is unchanged.
Neutral rating. Price target is raised to NZ$4.50 from NZ$4.42.
Current Price is $4.40. Target price not assessed.
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