The price target implies an expected total return of 20% over the six-month period.
He bases his price target on 31 times his earnings estimates for 2011 and 2012.
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Then last week, the firm trimmed its estimates and price target on the company.
Analysts never want to stick their necks out with some big price target.
The firm had been criticised for a sharp rise in its original flotation price target shortly before its listing.
Set a price target, maybe 20% below the peak, and if the stock falls to that level, cash out.
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As I noted earlier, UBS analyst Steve Milunovich today trimmed his estimates and price target for the company.
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To be clear, this is not a price target but rather more akin to a margin of safety calculation.
Hewlett Packard (HPQ) posted better than expected earnings, prompting several brokerages to raise their price target on the firm.
Citigroup fired the first volley by lowering its price target earlier this month.
Barring some major reversal in the stock, expect to see a lot more price target increases in the day ahead.
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While Leeb is confident about the long-term outlook for energy prices, he will not set a specific short-term price target.
As a cherry on top, Deutsche Bank, the most well known of the three analysts, also increased its price target.
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Each of these banks has a HOLD rating according to ValuEngine.com, and most are trading above their one-year price target.
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As a note, JP Morgan ( JPM) did recently lower their price target on FSLR with a comment about price competition.
Over at Caris, the analysts kept an even higher price target, despite not having their absolute highest rating on the stock.
Gleason is basing his higher price target on his increased earnings estimates.
What price target do you have and how did you get it?
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Analysts Nomura have a year-end price target of 1.30 for the euro against the dollar, having made numerous calls to short the euro.
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Abouhossein's concern about UBS's earnings were reflected in his estimate downgrade and reduced price target, which he made along with his share upgrade.
The global commodities boom has meant impressive growth for fertilizer companies and this is only slated to continue, according to a spate of industry-wide price target raises.
Last week led Deutsche Bank to ease back on its share price target for Starbucks based upon potential loss of coffee sales to McDonald's.
Barclays pushed its price target higher for shares of Time Warner Cable as the sector has grown its profits to support higher share prices.
Cantor's Pope has a price target of 500 pence for Tesco.
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Analysts are still bullish on Starbucks, giving it an average price target that is 3 dollars over the the trading price now, according to Thompson Reuters.
Tesco trades at 11.5 times estimated 2010 earnings and has a free-cash-flow yield of 7.3%, according to Truman, who has a price target of 416 pence.
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Yet, the same analysts that were stepping over each other to come up with the highest price target for the stock, are now piling on the criticism.
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