Wednesday, August 01, 2012 2:03:44 PM
It is a matter of perspective. If Ascendiant was telling its clients over the last few months to buy with a target price at 10. And then just ahead of earnings slashes the target to 7, *some* funds might not like that as each fund has its own investment criteria. Percentage wise that's a big slash. Likewise percentage wise it is a big gain from today's price to target price.
Target price revisions affect a stock, in my experience.
It's upto Coats to deliver tomorrow.
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