price target?, page-25

"REJECT SHOP : MORGAN STANLEY UPGRADES TO 'OVERWEIGHT' FROM 'EQUAL-WEIGHT'; RAISES PRICE TARGET TO A$10.00 FROM A$2.60"

In other words:

"As full-time investment professionals, highly-qualified and boasting finance degrees and CFA qualifications - our detailed analysis - for which we are most handsomely remunerated - concluded a few months ago that this security was worth $2.60.

Fast-forward to today, and we now think it is worth four times more...

At $2.60 we didn't think it was worth buying, but now - at $7.50 - we recommend you buy the stock"

(??!!!)

[You couldn't write a movie script like this.]

.