FormerXBC Inc XEBEQ

RE:target price update by Stifel on Dec. 1

[tamaracktop]

Not directed at you at all Ciao, you've been here long enough that you've seen me say this before, but analyst's targets are a joke. Just like this update from Stifle . I believe this is their 4th target revision is it not? I know when they initiated coverage on April 22nd their target was $4.80. Analysts shoot arrows and paint bullseyes where they land.
    Stifel has a habit of raising their target once this stock trades through their old one. Within  a few months, their target will probably be $12. By Christmas , probably $8 or $9. I believe it was Stifel I was referring to when I suggested they had done us a disservice when they last revised their target. I think the stock was trading only 20 cents below it. I had to laugh. In fact, I distinctly remember making a joke about it.
     These smaller firms are taking shelter by raising their targets to, but not above, the targets of the bigger firms like TD. They can never be faulted for having the same target as TD.  TD only initiated coverage on October 1st with a $6.50 target, when Xebec was trading at $4.18. Stiffel matched their target yesterday, after the stock had already been as high at $6.15. It's actually pretty pathetic.
     Maybe the bigger banks don't have to be quite so careful because they are behemoths which far more resources to defend themselves against frivolous lawsuits. Who would you rather take on, Stifel, or Desjardins, or MPartners, or TD Bank?
     It's the big banks that will lead the way in terms of revising tagets higher, not the little guys. I'm very interested to see what Royal Bank's target is when they intitiate coverage. TD's target of $6.50 came out 9 weeks ago when the stock was at $4.18. The Royal will probably get around to covering Xebec when it's $7 or $8.