UBS Valuation

I did not pick this up at the time but UBS upgraded (on the 7th of October) the SRX price target from $40 to $43 for 2016. At the time of publication the share price was $32.55. The EPS share increased from 98c to $1.11. The increase in price target was due to FX movements and not any inside information or AGM data from yesterday.
The 2018 EPS share was upgraded to $1.55.

Looks like a few other Excel desk jockeys have also done a bit of a rethink over the last 24 hours - hence the 9% increase today.

I am more than happy to buckle up and go for the ride.