GXL 0.00% $5.54 greencross limited

The updated broker targets I have found on the internet are as...

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    The updated broker targets I have found on the internet are as follows -

    Macquarie: $4.35
    Citi: $4.70
    UBS: $4.40 (based on a -22% adjustment to forecast EPS, no explanation of how this is reached)
    DB: $3.70
    Cannacord: $4.68

    I've only read the UBS report. They have reduced forecast EBITDA by 22% in all future years and they talk about 'earnings quality' and 'increasing debt'. It is unclear why they do not think the earnings lack quality, I think this is just analyst BS. Debt has also not increased. Maybe they just didn't notice the debt in previous reports. It is such rubbish but I'll go broke a lot faster than the market will take to realise its error.
 
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