H2O Innovation Ord Shs HEOFF

RE:National Bank

[rotsevni0328]

...and now, National Bank.
July 5, 2022 - IA
“strong buy” from “buy” with a $3.50 target, matching the consensus but down from $3.60. 
September 16, 2022
Tremblay reiterated a “Buy” rating on HEO and 12-month target of $3.50 per share, which at press time represented a projected return of 81.3 per cent.
May 24, 2022 – Tremblay, again
Et il maintient son cours cible 3,50 $.
This type of wild guesses has been going on for even longer than the above (prior to 2022). I call this pumping in the hope of dumping or simply dreaming in dollar bill colors!.
It may reach those levels, but Dugr has to either go or sell the company... before a global recession hits the economy or the US defaults. Doubtful we'll see the price over $3.00 anytime soon.
Perhaps someone can venture an informed opinion as to why it hasn't reached that price yet?