Well I've only seen three companies reported on by Nomura so far...

Well I've only seen three companies reported on by Nomura so far MSB, SPL and now ACL and so far two out of three have hit and exceeded their initial targets. I'm sure there's other companies out there they've stuffed up on but I'm luckily not aware of them.

If anyone wants to check Nomura's track record with MSB and SPL I'll add some links. With MSB as I said they kept upping the target as things progressed. With SPL they only in the last few months started coverage and already it hit and exceeded the target price. So maybe they can be accused of being a bit conservative?

MSB

long list of reports so take your pick

http://www.mesoblast.com/investors/analyst-coverage/


SPL

http://www.nomuranow.com/research/globalresearchportal/getpub.aspx?pid=477133&cid=uqf1S4cXz2Y=