A penny for analyst Rod Hall’s thoughts today.
From a note to clients that landed on my desktop Friday morning:
CORRECTION: We are correcting our 12-month price target to $80 (incorrectly published on January 14 as $85), which remains based on 22.5x our Q5-Q8 EPS forecast of $3.55. There is no change to our view or rating.
Maintains Sell rating. Lowers published target from $85 to $80.
My take: What a shit show.