Upgrade to neutral w/ $34 price target. 2013 EPS estimate of $2.65. In the words of the legendary James, these guys are a bunch of fudgetards. Can't wait to see them upgrade to buy when we hit $50 later this year.
The only thing I hate more than analysts are the people in here telling you to sell a stock because they did. Anyways man thanks for the props. I am glad we can all now rejoice in our TEX gains as we hold it for more gains.
Analysts just reaffirm the current movement of the stock. I find it amazing that anyone would even care what they say since their moves are based on movement. If TEX goes up a lot they upgrade if it goes down they downgrade. Analysts can ask good questions at conference calls, once in a while. So they are not completely uselss but in terms of price targets they are.
My old idiom on analysts are If they were so good they would be investors.