RE:Monday’s breakouts:Worth reading...Quite the change of opinions. Just goes to show you how useless analysts really are, they all have an agenda.
Revised recommendations
Month-to-date, seven analysts have revised their target prices.
- BMO’s Randy Ollenberger hiked his target price to $5 from $4.25.
- Canaccord Genuity’s Anthony Petrucci lifted his target price to $6 from $4.50.
- CIBC’s Chris Thompson assumed coverage on the company and increased the target price to $5.75 from $3.50.
- National Bank’s Dan Payne bumped his target price to $6.25 from $4.50.
- RBC’s Michael Harvey upgraded his recommendation to an “outperform” from “sector perform,” and raised his target price by $1 to $5.
- ·Stifel’s Robert Fitzmartyn increased his target price to $6.55 (the high on the Street) from $4.75.
- TPH’s Jordan McNiven trimmed his target price by 50 cents to $4.