Concordia Healthcare Corp. T.CXR.R

ABOVE 45!!!

[visionaryfool]

Just wanted to share my excitement :D

[puma1]

heard on BNN that someone issued an upgrade for the stock but missed the story

[visionaryfool]

It was Mackie Research. They had a sell on the stock in May apparently: Analyst Actions: Concordia Healthcare Raised To Speculative Buy at Mackie 10/19/2015 9:36:00AM | Midnight Trader 09:36 AM EDT, 10/19/2015 (MT Newswires) -- According to BNN TV, Mackie Research has raised Concordia Healthcare (CXR.TO) to a Speculative Buy, but didn't say what the previous rating was. BNN

[Tobuyornot]

That price was in USD FYI.  

[puma1]

i found that  - thx - it is in US $ so about a $53 Canadian target

[puma1]

it would be interesting to get their report given that it is an outlyer on the price target relative to the other Street targets. they must see more risk in the sector? they are a small house and would presumably never have a chance at investment banking so maybe that gives a more unique insight?

[puma1]

below are some limited comments from Mackie about their call. i guess before we conclude too mauch about their call on this stock in May, they are big supporters of NHC which got destroyed just after they put it out as one of their top picks. We have been cautious on the sector as per our last two industry notes primarily due to drug pricing concerns and valuations - the sector is correcting