FormerXBC Inc XEBEQ

RE:Remember this? Not much more than a year ago..

[tony08]

tamaracktop wrote: TD Investment Conclusion:

Based on its transformative acquisition of a hydrogen production platform, its increased market capitalization, and its upcoming move to the TSX, we believe that Xebec is well-positioned to experience increased funds flow and re-rate from a valuation perspective. Specifically, we believe that Xebec checks several boxes for growth-oriented investors, including: environmentally-focused trends that underpin its growth, strong insider ownership (CEO: ~5%), a track-record of successful project execution, including full-cycle service, profitability, and a preferential portfolio of technologies that sets it apart. Although a presumption of future growth is reflected in Xebec’s forward-year valuation multiples, we believe that our NAV calculation better reflects the intrinsic value and implies a much higher valuation. As a result, we are resuming coverage on Xebec Adsorption Inc. (XBC-V) with a BUY rating and $12.50 target price.

December 31, 2020

And what's his target now???

If you allow me TT, I would complete by adding this:

What's his target now and what justifies such a drastic change of target??

In his analysis he explains why he lowers his target, but nothing in his explanations justifies such a low level.