RE:RE:RE:RE:Concordia Upgraded, Price Target Up: $118.50There were only two revised price targets since the notes to my knowledge. Laurentian went to $3.50 and Cibc went to $2.50. Both are US dollars. Others should follow suit due to the increased leverage and increased interest payments sucking more cashflows from the reduced guidance. Its a slippery slope when your leverage is so high and any further pricing pressure will have a huge effect on the company price targets. As i said when the note issue was announced, I believe most analysts will reduce to $2-3 targets. I would expect more downgrades.
Marky1 wrote: Uh, where did you get this information from? I don't see anything anywhere to substantiate your claim!