RE:Haywood Revises TargetsHonestly, I just can't fathom why Haywood Securities would even bother with these revised targets. In each case they have lowered their target price $0.20 (1), $1.00 (2) or $2.00 (3)... yet they give an "outperform" rating for each of the stocks in question.
It has always been my understanding that an "outperform" is a rating assigned to stocks that are expected to provide a return better than the index or some other market average and reflexs a bullish sentiment on the part of the analyst. In other words, the rating considers that a particular stock is a good buying opportunity and will most likely grow in value.
It's obvious that all analysts do not give the same connotation to the term "outperform"... maybe it's time that they got their act together and stop sending confusing signals. In my mind, the lowering of a stock's target price does not jive with an "outperform" rating.