Ron,
The most likely reason, and it not just HZN, is that the share price has dropped significantly since the previous report. So all things being equal, it becomes a buy.
Brokers' analysts have a tendency to set the target price "not too far" above the current share price = makes it more likely to reach target, and allows them to upgrade valuation if the share price appreciates. Just marketing (generating sales) - which is there main job.
Buy Recommendation, page-3
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $316.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $164.9K | 829.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1746246 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 175041 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |