Highly suspect move by Moelis imo. Why downgrade the company when it is doing much better than what they forecast in their recent report? To the best of my knowledge their report did not even cover the Boosts and LiveIQs. If anything, they should upgrade their target price considering the news yesterday about fast-tracking the Boost production line in response to the demand.
Can see no logical reason for the downgrade other than that they want to get in under 8c lol.
nuh media thread, page-4080
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