Analyst upgrade confusion Question: What are the reasons/catalyst for all the recent analyst target upgrades ?
If the answer is: the recent LSQ announcement , then I'm confused.
In theory, given that the recent analyst upgrades are usually for a period 12 months out (i.e. Spring 2013), this should have nothing to do with LSQ , given that LSQ production won't start until just under 24 months from now.
Or are the reasons for the recent upgrades due to other non-Lsq issues? (i.e. such as stabilizing DP prices, greater certainty re:Thurso execution)?
ANy insight you could provide would be appreciated.
Note; Also, after LSQ announcement, DUNDEE downgraded FTP from TOP PICK to a BUY.