J.P. Morgan Sticks to Its Buy Rating for Orica Limited (OCLDF)
J.P. Morgan analyst Lee Power maintained a Buy rating for Orica Limited with a price target of A$26.00. The stock closed at A$23.40, and Power, who covers the Basic Materials sector, has a 12.7% average return. Orica has a Strong Buy consensus, but with a price target of $16.69, indicating a -28.68% downside. Morgan Stanley also maintained a Buy rating with a A$23.00 target.
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