Concordia Healthcare Corp. T.CXR.R

Mackie Research

[fdfd12]

cuts to hold

[sunshine7]

any details or analysis of this report?

[USNOOZEULOOZE]

This post has been removed in accordance with Community Policy

[pineapple1]

This post has been removed in accordance with Community Policy

[sunshine7]

I suppose we will get an update to 2016 forecasts in the coming month as CXR gets a chance to read the books and identify unrealized opportunities. IMO earlier forecasts were likely conservative with the unintended consequence of lower target prices (still higher than today's price). Expect surprise to the upside and the analysts like Mackie to revise their recommendations.

[cg16]

who cares what Mackie Research think they know? Mark Thompson is personally buying shares...

[Tobuyornot]

Certainly seems influential!  Anybody able to put some flesh on that report?

[sunshine7]

In an analyst report shared with investors by Mackie Research on Wednesday morning (Sept 9 2015), Concordia Healthcare Corp (NASDAQ:CXRX) had its target price upped to $81.00. The firm presently has Hold rating on the stock... not very good are they? Now they are a larger, more diversified company and the target is lower? Would like to see their latest report.

[sunshine7]

On Oct 26 2015 Mackie had a target of $42.50USD and spec buy rating. Adjusted earnings are expected between US$6.29 and US$6.77, the Oakville, Ontario-based company said in a statement on Monday. [that is SP ~6.5x EPS] That fell short of the $6.88 per share.average estimate of 4 analysts polled by Capital IQ. [expect CXR to beat their conservative forecast] Revenue is anticipated to be between $1