Buy, Sell, Hold: FMG, Troy and Altura

FMG upgraded, Troy downgraded; and coverage initiated on Altura.

Buy, Sell, Hold: FMG, Troy and Altura Buy, Sell, Hold: FMG, Troy and Altura Buy, Sell, Hold: FMG, Troy and Altura Buy, Sell, Hold: FMG, Troy and Altura Buy, Sell, Hold: FMG, Troy and Altura

Fortescue Metals Group (FMG)

Analyst: Lyndon Fagan, JP Morgan

Recommendation: Overweight (previously neutral)

Price target: $A3.50

Thursday’s close: $2.