Post by
MNK3240 on Aug 09, 2017 9:52am
Re: Analysts target price and market behaviour
It's kind of interesting to watch that recently the analysts increase the target price for stocks and the price go down so much that they have to hide. CP rail target price increased to $229 based on earnings report, now it's at $193 (reduced from $210 at the time) and seems heading towards $150. VRX target price increased to various levels by various analysts based on recent reports and it's now heading to $15. It's not all analysts fault, nowadays, the news spreads like hell, so no prediction works. Every small news changes everything in a split second. I guess the approach for price target and predictions need to be changed as well as the bullish and bearish predictions!