Morgan Stanley won't correct their totally made up price target of $10. Because they no longer care. It has accomplished its purpose. Which was to smash the Webjet share price down so they, or their clients, could pick it up at a discount. Or, as someone else said on here, their short clients could benefit.
It is amazing that the market fell hook, line, and sinker for the Google argument again, given the Google threat theory has been around for months. But with the coronavirus maybe coincidentally occuring at the same time (or maybe deliberately because of the coronavirus), MS achieved exactly what they intended.
Much like UBS did with Afterpay when UBS called a BS price target of $17.
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