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

Want to read more? It's easy.

Choose your subscription

Already have an account? Login

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Individual

Group membership

NBR Marketplace

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).

View terms and conditions.