SXY 1.59% $3.10 senex energy limited

Broker Report, page-9

  1. 1,485 Posts.
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    It's questionable whether Analysts' ratings are worth anything. Maybe we should be prepared to pay them not to publish. I see that they have upgraded Beach to Neutral from Underperform, with a target price of $1.20. Well, Beach has gone up about 150% in just 9 months, presumably while rated underperform. They are up from $1.20 to $1.59 just since the beginning of April while their target price was $1.05, and the Analysts now think that a target of $1.20 - 25% below today's price - is "Neutral"????? I've lost 25% more often than I would like, but I certainly never feel neutral about it. The story for Healthscope is similar - up 25% since start April from $1.92 to $2.43 while rated Underperform with a target of $1.67.

    Hey, let's ignore the ratings and just watch SXY's business grow.
 
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