RE:RE:CIBC: A Neutral ratingI have accounts with many brokers and enjoy that situation for the large spectre of opinions I have access. I think that the targets are not the most important output of analysts but the analysis itself, the raisons behind. I will stay there.
I agree with the facts mentioned by the CIBC analysts, the post 2025 financial will see an increase of the capex (I already had a discussion with BBD859 about it-a discussion about a future investment grade rating), they won't be able to surf 10 more years only by modernizing current models.
The problem is: does that fact occuring 2 or 3 years ahead will affect the 12 months target price?
I think that could be called ''stretching the logic'' a little bit too far.