FORTESCUE METALS (FSUMF US $4.59 bid; rating OVERWEIGHT; price target $7.50) EARNINGS ESTIMATES RAISED DUE TO HIGHER 2014 ACTUAL PRICES, HIGHER VOLUMES AND LOWER COSTS; $50/T CAP EX TARGET FOR NEXT 20 MMT EXPANSION TO 175 MMT 2/4/2014
FORTESCUE METALS (FSUMF US $4.59 bid; rating OVERWEIGHT; price target
$7.50) EARNINGS ESTIMATES RAISED DUE TO HIGHER 2014 ACTUAL PRICES,
HIGHER VOLUMES AND LOWER COSTS; $50/T CAP EX TARGET FOR NEXT 20
MMT EXPANSION TO 175 MMT 2/4/2014