RE:Interesting Newsdcjones4396 wrote: Scotiabank came out today cutting their target price for TKO from $2.75 to $2.60 Canadian. This as TKO currently sits at $2.54. Therefore, Scotiabank must believe that Florence permit news will only add an additional 6 Canadian cents to share price. Or, they must believe TKO is currently overvalued. Or....something funny is going on and they want investors to sell their shares. I'm not sure but doesn't Scotiabank have an analyst that sits in on all of the quartely conference calls? Very strange that they would release a cut on the same day Taseko announced strong Q3 production results, don't you think?
So, at 11:53 AM on October 12, Scotiabank declares a $2.60 price target.
Four hours later TKO closes at $2.60. Thought those targets were supposed to reach out a little farther than that.