Australian (ASX) Stock Market Forum

Reply to thread

[USER=45204]@galumay[/USER], I waver as to whether I take a weak interest in what the brokers are publicly saying. Cynicism is the rational reaction with the obvious conflict of interest regarding paying clients vs pronouncements to the public, but if there is a fresh rerate of a stock from more than one broker I do take a bit of interest.

Bell Potter were all over the place in their recommendations for Imdex (IMD) in 2024. Completely non actionable suggestions.

The price of IMD today is 2.37.

In Feb 2023 they put a  BUY target on IMD of $3!

One year later, Feb 2024 they put a SELL on it with a target of 1.50.

So not listening to BP on CDA unless another broker or two chimes in.


Top