CITI upped their target not lowered it. This stock has EPS power of $1.80 and putting a 25x multiple onto that you get a $43 stock based on forward numbers, would be a huge buyer on any market selloff that takes this with it to low $30s.
and i am not too confident about IBD analysis because their theory is it is thinly traded but that was 10X volume yesterday and the only other players are Fossil. it is not a big group. So I don't think their analysis relates too well to MOV. besides if we pull back a little on small volume that is bullish