For those of you who need a translation, "cut to hold" in the world of sell side anal ysis means "MAKE LIKE A SHEPHERD"*
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Here's how their price targets have changed, from the front page of their "We Now Hate Copper" research report date December 17th. Well in fact the report's entitled "Survival of the fittest" but anyone with half a brain knows the real score.
Capstone at 30c and downgraded to hold, that one sticks in my eye (that and "sell Teck" of course). And for those of you who want to know what "downgrade to hold" means in the sellside world's code, a quick reminder from this post:
We good? My thanks to reader B for the forward.
*Get the flock outta here