Does everyone realize a very influential analyst in the sector upped his SONC target to $12 this past week?Reasoning was that expectations have been lowered sufficiently to allow for consensus beats in upcoming quarters.
All of these anal-ist work on commissions I think. The house they work for takes the major payola.I don't believe any of this upgrade-downgrade anal-ist BS.IMO SONC has problems that will take 2 years to overcome but it will continue in some form or fashion at some pps as long as there is a someone to keep their pps above a certain level.
You're entitled to your opinion.But Hint, Hint: The current price is a screaming Buy. If you are not in yet, really good entry point.We all know the propaganda re Christmas sales is way overdone.Post Black Friday, consumer discretionary always gets a nice rally, which includes this group - so any positive surprise on Black Friday sales, it's a bigger year-end rally than per usual.With luck, we could cross 11.So wait and see.
What analist said that? I am looking at a report from Ned Davis research and it has SONC in a SELL. Credit Suisse has a target of $8.00.I would like to see what report yoou are talking about.Matbe a $12 stock after they can get rid of this debt, but that is a few years away.Thanks
RBC, if I remember correctly.I'll post a link later.