Hi quote from a GPT thread Deutsche Bank cut its rating to sell from hold and lowered its price target to A$1.75 from A$3.40, while Citigroup downgraded GPT to hold from buy and lowered its price target to A$2.30 from A$3.65.
Seriously, I cant believe these guys/girls get $200K a year (plus plus plus) when their 'analysis' can be this wrong. Now they see the written page..they downgrade..all their analysis and targets useless.
I have a sorry rule of thumb to share.. When i get these type of reports eg $ 1.75 from $ 3.40 I immediately cut my target to 50% of theirs.. therefore GPT is a good buy under 87.5 cents simple..but gosh it has worked over time..
