At least one analyst has upgraded overnight, perhaps more are still to do so, at least they are keeping pace with the share price for now, with the average price target, well for now, at $1.36
I wonder if one of them was NZ First Capital,
I would offer that NZ First may have lost a little in reputation over the last few weeks, that’s the risk in generating reports that are a little on the absurdly conservative side I guess, I think that’s been proven true of both their A2M and SML reports now, just hope it all hasn’t been career limiting for their analyst(s) given they sold down too soon, perhaps even by what may prove to be years too soon.
FY 2016 Updated Forecast, page-222
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