RE: Recent Downgrade > The Scotiabank recent downgrade to sector perform, but an increase to the target price , now set @
> $8.75...has me wondering why the stock is reacting to the downside.
It makes sense because market always focuses on the ratings upgrade vs. downgrade.
The target doesn't matter, no one cares.
Target prices are voodoo magic guessing on the part of the analysts. the rating change (+ve or -ve) is what matters.