Buy, Sell, Hold: FMG, OZ and Horizon

MORGANS resumes coverage of FMG; OZ downgraded; and initiation on Horizon.

Buy, Sell, Hold: FMG, OZ and Horizon Buy, Sell, Hold: FMG, OZ and Horizon Buy, Sell, Hold: FMG, OZ and Horizon Buy, Sell, Hold: FMG, OZ and Horizon Buy, Sell, Hold: FMG, OZ and Horizon

Fortescue Metals Group (FMG)

Analyst: Adrian Prendergast, Morgans

Recommendation: Hold (re-initiation)

Price target: $A6.30

Wednesday’s close: $6.