FormerXBC Inc XEBEQ

Globe

[ace1mccoy]

BMO Nesbitt Burns initiated coverage of Xebec Adsorption Inc. (XBC-T +4.74%increase ) with an outperform rating and $5.60 target, topping the average by 10 cents.

[ddogold]

While it’s great that one of the banks is initiating coverage on Xebec , they’re sure not going out on a limb with that PT . I guess what has transpired with management and such they’re taking a show me approach here . Still a welcome addition.

[catchascatchcan]

Credible coverage is a big positive.  More eyeballs and dollars.  Don't sweat the PT, it's just a starting point.  As we all know analysts chase PTs up and down after the fact, and with new coverage there is a zero percent chance they're going to come out of the gates with a massive stretch number.  Don't forget, even at $5.60, it's a 25%+ bump over today