RE:Scotiabank revision - inspired by their lawyers?I am not so sure the Scotiabank revision is inspired by their lawyers.
I think the revision is inspired by the drop in the copper and gold prices since Scotia bank initially placed a value on the stock back in early 2014. At that time, copper price is closer to $3.30 while now is around $2.4 per lb; gold price has lowered also.
The target price was lowered from $9 to $6.75 which is 25% lower; but the copper price has also lowered in the same range around 20-30% and gold price is also slightly lower.