RE:RE:Cannacord just raised price target. 3.25.
Average of all analysts now 3.90.
he is very punitive to the WiLan business. Assumes it is only worth 0.45/share. Believes WiLan declines from $30M cash generation per year to $6M in perpetuity.
He admits that he is an outlier to all other analysts.
He basically says in his report that he is going to raise the target again. This is important as he is the lowest price target and eliminates a ceiling from Cannacord clients that follow his bizarre advice.