And now we see Macquarie with a 2.55 price target and USB with 4.15. I mean, who pays these guys and how do you get such wide differing outcomes to one stock?
I don't trust price target's from insto's so I'm with you there and think most of it is rigged. I got stuck back in 2004 trusting Macquarie Banks picks and after getting smashed by a few of their outperforming buys, I have never trusted insto's targets ever again.
A few months back Deutsche Bank did a 3 month long analysis of the price of Gold and they said fair value was $750. I laughed and thought yeah right, as if USA (largest holder of gold bullion in the world) is going to accept that. Anyhow each to their own, I better watch my mouth or I might get chastised for not believing the inst's so I best run away now. Good luck with your holdings!
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