WGO 0.00% 35.5¢ warrego energy limited

Wgo new research - price target 70c, page-28

  1. 8,318 Posts.
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    Big difference between saying there will be a CR in the near term (which I don't think there will be) and Petra releasing a rosy report to drum up future business.
    I think 70cents is a reasonable target, but brokers/analysts don't put their reputations on the line by setting such a bullish price target (nearly x3 current price) unless they have other incentives to do so.
    Again, just commenting on how analysts are generally reluctant to go out on a limb like this.
 
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