In the good books
Harvey Norman (HVN) was upgraded to Neutral from Underperform by Credit Suisse B/H/S: 1/3/3. Harvey Norman's interim report was a disappointment. Credit Suisse analysts point at the Australian franchisee segment where earnings reflected increasing costs and increasing competition. But Credit Suisse has upgraded to Neutral from Underperform post sharp sell-off post results release. The target price falls to $4 from $4.03. See downgrade.