Buy, Sell, Hold: FMG, Saracen and OZ

DOWNGRADES for three ASX 200 producers following the release of half-year financials.

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

Fortescue Metals Group (FMG)

Analyst: Paul Hissey, RBC Capital Markets

Recommendation: Underperform (previously sector perform)

Price target: A$8.75 (previously $9)

Thursday's close: $11.

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