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Chorus hit by downgrade on 'sting in tail’

Mixed analyst reaction | FNZC says Chorus is certain to mount legal challenge over key element of yesterday's copper pricing decision | Dividend picks

Chris Keall
Fri, 03 Jul 2015

Chorus [NZX: CNU] has been downgraded from neutral to underperform by Forsyth Barr in the wake of the Commerce Commission’s draft final decision on copper pricing yesterday.

Forsyth Barr has also chopped its 12-month target by 13c to $3.00 (after an up and down session, Chorus finished up 1% to

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Chris Keall
Fri, 03 Jul 2015
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Chorus hit by downgrade on 'sting in tail’
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