So let me get this right they have an overweight on the stock when it is $10-12, than it falls 50% and now they slap an underweight on it! Riighhtttt I am listening to these guys they have great track record!
A lot of analysts are revising their oil price forecasts down. I've seen some as low as $50-$70 bucks. What they're missing now is what Israel is again saying. They should listen really close. Oil is more likely to move higher until Iran is resolved. If Iran backs down I'll sell. Till then I'll hold.
They had an overweight with a 14 dollar target. A couple of months ago the analyst who covered the stock left the firm. Technically the coverage was discontinued. Today a new analyst re initiated it with a 4 dollar target and an underweight. Still think the stock is a buy.
Yeah it makes zero sense: I am not sure how collusion in this instance would work... but the idea that MS would be involved in the sale of HK securities with a buy.. then begin shorting, then further reduce their recommendation and PT ( by 70%) is crzy
Mark my words gentleman, 1 year from today this clown at MS will still be playing with his little spreadsheets & formulas while I am sitting on the beach in Sardinia drinking Peroni's & spending my Halcon profits