RE:Neulion (TSE:NLN) had its price target raised by Wunderlich Common,
Would be nice to get more info on their resoning for raising the target. Can only speculate that that is a 12 month target.
As well the target moves up while NLN is in the process of taking out DIVX. DIVX will make NLN immediately accretive. and even more profitable in 2016 but that transaction will not close for about another 8 weeks. Did Wunderlich consider this in their raise?
Lots of moving parts here and doubt so in the very short term it looks like this is going to trend down until DIVX closes. We have already hit 1.48 in 2015 so hitting 1.75 should be pretty easy in the next 12 months.