FORTESCUE METALS (FSUMF US $6.38; OVERWEIGHT; price target $11) COVERAGE INITIATED OVERWEIGHT DUE TO UNIT VOLUME GAINS, HIGH MARGINS AND CASH GENERATION; NOTES FROM JUNE 1-2 INVESTOR DAY, PORT HEDLAND, CHRISTMAS CREEK AND CLOUDBREAK MINE TOURS 6/24/2011
FORTESCUE METALS (FSUMF US $6.38; OVERWEIGHT; price target $11)
COVERAGE INITIATED OVERWEIGHT DUE TO UNIT VOLUME GAINS, HIGH
MARGINS AND CASH GENERATION; NOTES FROM JUNE 1-2 INVESTOR DAY,
PORT HEDLAND, CHRISTMAS CREEK AND CLOUDBREAK MINE TOURSĀ 6/24/2011