Novus Energy Inc NOVUF

CIBC cuts target from $1.20 to $1.10

[Pokerchamp]

Concensus is a Buy with an average target of $1.14

https://www.mideasttime.com/novus-energy-price-target-cut-to-c1-10-by-analysts-at-cibc-nvs/11163/

[counterintuitive247]

Well must be tough for Novus management. Their company is being rated lower in shr price but with upgrades in rating "BUY".  I would really like to see them sell at this point in the range of $1.10 - 1.20. Great Asset for sure but the current management team IMHO really dropped the bolts when they initiated a public annoucement to sell.  Timing was off thats all. No

[gerat]

I think these analysts react to the current stock price rather than the quarterly reports. They use the post quarterly report period as their excuse the revise their forcasts even when results do not justify. Based on fundamentals their forecasts should have been raised.