Emphasis on could Either they get ignored - nothing more embarrassing for an analyst. Or it dips on open and more buyers step into the sale price. It was a good earnings report and it's a cheap stock so any affect is going to be temporary.
I would love to see their justification but the headline reads as BS.
I'm also wondering what the affect their initiation had? I don't remember it to be significant. Do others? Seem to remember a nice buy target being ignored as it headed into a downward spiral.
I bet, secretly, the justification is "phew it's been on a run and it needs a rest".
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