At this point both the NASDAQ and the Russell 2k have acquired their minor
upside trading targets we discussed in that report and the DJIA and the S&P still grinding into them.
Not exact matches
The breakout above $ 65 gives the
upside projection
target for the
trading band near $ 76.
Even though the price
target was lowered, it sill represents over a potential 30 %
upside potential in the stock that was
trading around the $ 48 range today.
The
target potential
upside for this
trade is nearly 29 % to 47 % in the next 4 - 6 months.
We believe the company should
trade at 5 - 7x our estimate of normalized cash flows and 1.5 - 2.0 x book value, which would represent a price
target of $ 75 - $ 105 and
upside potential of 225 - 350 %.