A flexible workforce, with longer rosters and sourcing local accommodation, has enabled Mitchell Services to maintain operations to date, despite the restrictions.

Morgans is pleasantly surprised by the outcome and trims forecasts modestly. The broker considers the stock oversold. Speculative Buy (Add) retained. Target is reduced to $0.98 from $1.03.

Sector: Capital Goods.

Target price is $0.98.Current Price is $0.44. Difference: $0.54 - (brackets indicate current price is over target). If MSV meets the Morgans target it will return approximately 55% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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