"Valuation: $5.36ps (DCF/SOTP), unchanged; Maintain Sell rating
We change our RFG price target methodology from a roll-forward of our valuation to now apply a $105m discount to valuation (price target now $4.70ps, down 17.5% from $5.70 prior) to better reflect the risk of upcoming accounting standard changes. Maintain Sell."
*shrug*
RFG Price at posting:
$4.77 Sentiment: Buy Disclosure: Held
