Morgan Stanley note

Morgan Stanley today tipped CVO stock to decline in absolute terms over the next 60 days,with an 80% chance of this happening and with the catalyst being the forthcoming earnings. "we see limited scope for upside in either upcoming FY16 result or outlook,but do see scope for a re-basing of margin expectations". they have an equal weight call on CVO with a price target of $1.50. closed yesterday on $1.28. now i'm CONFUSED. target of $1.50 and picking it to fall from $1.28?? how does that work?