Bay Street analystsThey aren't useless, you just need to understand them. Today, according to my TD research app, BTE is covered by 8 analysts. The average target price is $3.20. There are 2 "buys" and 6 "holds". The two with a "buy" rating have targets of $3.50. So what? So, there are 8 analysts that will HAVE to update their research because they are so lazy they can't even keep up with $70+ oil and a new high close at $3.59. That means 8 times, in the near future, there will be positive analyst upgrades to be published. PLUS, there are a half dozen analysts that don't cover it at all. Analysts get paid out of "pools" at their firm derived from trading commissions and ,the big daddy ,financing fees. They get nothing if they don't cover it at all. The bullish analysts tend to attract fees from corporate finance activity and trading activity. With $2 billion in market cap and $1.8 billion and dropping in LTD, it's just too big to ignore. So, as Q3 results come out, and in anticipation of that, there will be plenty of good news reports coming from Bay Street over the next month. Granted, there are several others in the same "predicament" and I have no idea which will be up 100%, taken over, or underperform with "only" 50% return, nor do I care. But analyst coverage can be a useful indicator if you care less about the details of what they are saying and look at the broader picture. By comparison, FYI, darling TOU has 13 analysts, every one is a "buy" rating. Not a single "hold". Every analyst report has been updated in the last 2 weeks. The BTE reports are stale. Only 2 have been updated in the last month. ATH, the pariah of Bay Street, has 1 "hold", and 1 "sell". The "sell" has been in place since May 5th. After being so wrong, for so long, it's a wonder he hasn't quietly dropped coverage.