Eastman Kodak Co. (fka EKDKQ)

[keekee]

Link: KAUFMAN's PT was $5.50. He reduced to $2.75 after the bk rumor. Now that rumor is ruse, PT IMHO is $5.50.

KINK: http://www.theglobeandmail.com/globe-investor/analyst-actually-thinks-kodak-will-rise-over-400/article2294183/print/

When news broke Wednesday that Eastman Kodak EK-N is considering filing for bankruptcy protection, Rafferty Capital Markets analyst Mark Kaufman looked a bit foolish with a “buy” rating and $5.50 (U.S.) price target as the shares plunged below 50 cents.

So, on Thursday, Kaufman made it up to those investors who follow his research. He downgraded Kodak to – wait for it – “hold” with a $2.75 price target. That implies the stock of a company that may file for Chapter 11 would rally more than five-fold over the next year.