** NMDC Ltd, India's biggest iron ore producer, falls 1.3 pct ** Motilal Oswal Securities downgrades the stock to "sell" from "buy" and cuts price target to 104 rupees from 161 ** NMDC's pricing still non-competitive, despite steep price cuts, says Motilal Oswal ** Cuts EBITDA estimates by 36 pct and 42 pct for FY16 and FY17, respectively ** Steep correction in iron ore prices and rising capital commitment to the steel project will squeeze dividend payout-Motilal Oswal (Reuters Messaging: indulal.p.thomsonreuters.com@reuters.net)
The target price of NMDC is a fair price.
It says nothing about the price being fair just what they have set their price target at.
( z1 price :ARG1 ( z2 company :name ( z3 name :op "NMDC" ) ) :ARG2 ( z4 thing :ARG1-of ( z5 fair ) ) :ARG1-of ( z6 target ) )