This is typical. I like to refer to published analysts as "respondents" since it always seems they respond to markets as opposed to actually analyzing the numbers ahead of time. Roth's previous buy rating was suspect as the consensus EPS of $0.03 was noticably a stretch. JOEZ had to achieve NI of 1.78M which was only achieved once since 2009 and never in the 2nd quarter. I would guess many of those who took a short position yesterday picked up on this.
Most analysts are useless. How can they accurately calculate forward earnings with the combined companies overnight and determine a new price target. I've followed JOEZ from the sidelines but bought a bunch of shares in the 1.44 range. What little info I could get from the internet, Hudson appears to be profitable and has a better growth rate. I'm not an expert in denim or fashion but believe the economics were thoroughly studied by management. It will be interesting to see how it all works out long term.