RE:SellMust be Raymond James they're analyst must have taken a bath here over the past few years and now seems has a grudge .. looks like a complete fool with this most recent update .. get a load of this
Several months ago RJ put a price target of $1.60 on HNL back when it was trading around that level and rated it a 'market perform'
It has since gone up 50%ish and so now as of April 25th they cut the rating to 'underperform' but raised the target to $1.70??? Can't make this stuff up it's lunacy the stock rips your face off & outperforms admit you were wrong save some face but nooooo lol
I don't personally put much weight in analysts they always have their own agenda either promoting their book or shorting but the general consensus with the other analysts are more in tune with reality and what is actually happening
RJ has no credibility left on this ticker guy should be shot and peed upon for releasing such nonsense I'm embarassed for him
Horizon North Logistics (TSE:HNL) Downgraded to Underperform at Raymond James
Posted by Shawn Bailey on Apr 25th, 2018 //
Raymond James cut shares of Horizon North Logistics (TSE:HNL) from a market perform rating to an underperform rating in a research note issued to investors on Tuesday, April 10th. Raymond James currently has C$1.70 target price on the stock, up from their prior target price of C$1.60.
A number of other brokerages have also recently commented on HNL. National Bank Financial raised their price objective on Horizon North Logistics from C$2.40 to C$2.75 and gave the company an outperform rating in a research note on Tuesday, April 10th. TD Securities lifted their target price on Horizon North Logistics from C$3.00 to C$3.25 and gave the company a buy rating in a research report on Tuesday, April 10th. Scotiabank raised Horizon North Logistics from an underperform rating to a sector perform rating and lifted their target price for the company from C$1.50 to C$2.25 in a research report on Thursday, March 15th. Finally, Clarus Securities reaffirmed a buy rating on shares of Horizon North Logistics in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Horizon North Logistics presently has an average rating of Buy and a consensus price target of C$2.49.
https://stocknewstimes.com/2018/04/25/horizon-north-logistics-hnl-downgraded-by-raymond-james-financial-to-underperform.html