GREY:XEBEQ - Post by User
Comment by
tamaracktopon May 27, 2022 8:24am
153 Views
Post# 34711460
RE:Yesterday or the day before..
RE:Yesterday or the day before..This all underscores just how bold the Scotia analyst was initiating coverage with a $3.00 target.
That's right, it wasn't a target revision, it was brand new coverage.
This analyst was working with a blank slate.
He wasn't just trying to save his "a**" because he had previously issued targets of $17 then $9 then $5 then $1.40 etc etc., and he wasn't just obediently following the market lower.
He was looking at it from a fresh perspective, unlike the others.
He even offered a "bull-case" target of $4.50.
There's no way anyone else covering this could do the same after issuing multiple lower target revisions.
Think about that.