RE:RE:RE:CIBC.....brutalAlvarez,
Most analysts have a consistent system where they plug in new values when variables change. Anyone can follow the logic. You may or may not agree with their conclusions, but at least it’s consistent. The problem here is that nothing has changed, so why drop your price target by 25%? Everyone else, RBC, TD, BMO has been pretty consistent, raising or lowering their targets systematically as conditions change. In my opinion, that has not been the case with CIBC. He (sorry, don’t recall the name) appears to do so randomly. If anything, the target should be drifting slightly higher as metal prices improve. That’s why I’d like to see the rationale behind why he decided to suddenly drop his price target by 25% in the absence of any new negative information. Also, it would probably be useful for investors to see his analyst rating. What’s his track record?