Actually, five brokerage reports this week have a "buy" "overweight" "add" or "outperform" recommendation for TCL. These reports are from BA-Merrill, JP Morgan, UBS, CIMB, and Macquarie. The only "hold" and "neutral" ratings were last August and November from Citi and Deutsche.
Except JPM, all target prices are in the $7.30 to $7.58 range. (JPM's is $6.81, but with overweight recommendation, I wonder if that is USD since TCL is currently at that price?)
As usual, treat analysts reports with caution and some skepticism. But a recent study did find that stocks where most analysts are positive end up performing better than other stocks.
TCL Price at posting:
$6.71 Sentiment: None Disclosure: Held
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