[ QUOTE ]
Little blog post for those interested:
http://globaleconomicanalysis.blogsp...ankruptcy.html
[/ QUOTE ]
You gotta love these WS ANALysts:
[ QUOTE ]
[/ QUOTE ] [ QUOTE ]
[/ QUOTE ] He cut his price target to $7.50 from $13, while Banc of America analyst Michael Hecht reduced his target by $1.50 to $10.50, citing diminished earnings visibility. Hecht maintained his "neutral" rating on the stock.
My comment: You have to love this. Citigroup is openly discussing bankruptcy and putting a sell rating on the stock that is now trading under $4. But the price target is $7.50. Meanwhile Banc of America cuts the target to $10.50 while remaining "neutral" on the stock. What planet are these guys on? Bizarro World?