It also seems like they didn't do their due diligence and talk to management. You'd think UBS would ask a few questions to APT management before commencing coverage.
"Mr Eisen refused to be drawn on the analysis, saying he did not know the UBS research team and told the Sydney Morning Herald and The Age, "we leave it to the market to determine where we're at"."
https://www.watoday.com.au/business/small-business/leave-it-to-the-market-afterpay-dismisses-analyst-warnings-20191016-p5316u.html
Also can't understand how they consider Zip at fair value but APT to be double fair value.
"UBS initiated coverage report with a $17.25 price target, 47 per cent lower than the $36.56 the stock was trading at on Tuesday. It also has a sell recommendation on Zip and a $4.80 price target. Zip was trading down 4.4 per cent lower at $5.19 on Wednesday." - AFR
- Forums
- ASX - By Stock
- APT
- UBS Sell and $17 target!
UBS Sell and $17 target!, page-105
-
-
- There are more pages in this discussion • 1,429 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)