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Ahead of Home Retail's trading update on Thursday, Merrill lifted its recommendation on the Argos and Homebase business: We have raised our earnings per share forecasts for Home Retail by 4% and our price objective from 95p to 100p due to an assumption of better cost control for Argos, with [cost] savings to come in the second half.
Merrill reiterated a "buy" rating and $48 price objective.
I have a price objective of 45 over the next 12 months.
Count: A point and figure technique used to estimate a price objective or target up or down.
The research outfit's "least favorite" stock in the group is Charter Communications, which is rated at "neutral," with a price objective of $6.
This week, CIBC World Markets analyst Elliot Wilbur reiterated his "strong buy" rating on Barr and raised his year-end price objective to $96 from $82.
His 12 to 18 month price objective is $70, or 32.9 times his calendar 2000 earnings estimate of $2.13 a share.
Compaq cpq rose 2 5/8 to 42 11/16 after Morgan Stanley Dean Witter raised its price objective for the share to $55.
By analyzing this chart pattern, you will understand how to conclude a reasonable price objective and time frame for this pattern to complete.
By March 6, the stock was trading under a dollar a share and Hagen went to "No Opinion," meaning that he has no fundamental view or price objective.
BlackBerry (NASDAQ BBRY) stock is currently trading at $7.11 ,down 4% on the day, though it opened on the news that TD Securities gave the stock a C$9.00 price objective.
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