InvestorsHub Logo
Followers 6
Posts 2155
Boards Moderated 0
Alias Born 11/26/2014

Re: cysonic post# 26472

Thursday, 04/27/2017 11:22:52 AM

Thursday, April 27, 2017 11:22:52 AM

Post# of 38634
Cysonic- It is better for IPCI to not be covered by analysts that put no effort into following the company. Like you said , they had an $8 target price. They said it now has a target price of $2 because of the Purdue lawsuit. If they would have been doing their jobs correctly, they should have seen the Purdue lawsuit as a possibility last year and downgraded IPCI at that time. A downgrade from $8 to $2 based on something that was at least a 50% certainty makes the analyst look bad.