RE:RE:Pipestone Energy Corp price target cut to $3.00 from $3.75EstevanOutsider wrote: Bmo cut all their upstream names yesterday.
Nice try.
Totally useless analyst I'd say. Or, perhaps a perfect contrarian indicator. The 3.75 target was obviously very wrong for a very long time. But now the capitulation? Too bad the target wasn't even lower and the opinion a "sell". Then it'd be the bottom for sure from this analyst. Clearly there are newish clients of bmo who'd rather see pipe and other small/mid caps not trade up near fair value, and the trading desk needs some sellers to meet the demand.