A few months ago Macquarie equities desk revealed that its...

A few months ago Macquarie equities desk revealed that its analysts have downgraded this funerals company’s shares to an underperform rating with a reduced price target of $10.20, hence the fall to around the $10 mark the last few weeks. If poor performance has already been priced in I suspect the share price will float around $10 with tomorrows results. There is likely a 5-10% margin on either side depending if results are better/worse than expected. IVC are a longer term hold option at the moment.