new research, page-4

I wouldn't stress too much; brokers have a tendency to bring target prices closer to prevailing share prices (the excuses they use are often laughable - as in this case). If the shares get anywhere near 60c you can bet London to a brick that their target price will move up significantly. Overall I think it is a positive. Often a note from a big broker on a small company like this is a precurser to corporate activity/fund raising.