But then i noticed that while UBS issued a sell, they upgraded their target price from $15.60 to $18.50. And other brokers have target prices around 14 to $18.
So although UBS says sell, they are still busy chasing the SP higher with their target price. As have all other brokers over the last year. I always find it amusing when the brokers all race to upgrade their price targets in an effort to chase a rampaging share price - like they never predicted the rise in the first place, and then they desperately try and save face by rerating their targets.
But then again ALU does need to post growth figures on a par with the half yearly results to avoid the price crashing short term. But then I am a long term holder and it's gonna be worth more in 2 years or 5 years time than what it is now.
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