RE:Laurentian Bank Upgraderetiredcf wrote: Ms. Johnston now expects SSSG of 10 per cent in the second quarter, rising from 5 per cent. However, she maintained her 3-per-cent full-year expectation, pointing to more "difficult" comparables in the second half of the year. With a "hold" rating, her target jumped to $45 to match the current consensus (from $38).
Typical situation of analyst following the herd. Easier to use your own brain and figure out that A&W was an amazing investment over the past 10+ years. No analyst even had this on their radar. Bump target price *after* several quarters of amazing earnings. Seems a bit backwards to me.