Downgrade Rating Question
JJJJ
✭
This morning, 3/7/22, the nmarket news listed a note regarding Mosiac (MOS). It read:
HSBC Downgrades Mosiac to Hold from Buy, Adjusts Price Target to $57 from $50
MT NEWSWIRES...... Why would this rating bedowngraded, yet at the same time increase the price target ?
HSBC Downgrades Mosiac to Hold from Buy, Adjusts Price Target to $57 from $50
MT NEWSWIRES...... Why would this rating bedowngraded, yet at the same time increase the price target ?
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Comments
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Sounds like an error - no editor or proof reader on duty; everybody is raising estimates, it seems
https://www.marketbeat.com/instant-alerts/nyse-mos-a-buy-or-sell-right-now-2022-03/0 -
They raised their price target from below the current price, TO around the current price and changed their rating.
Stocks that move in a parabolic fashion have only 2 usual outcomes in the intermediate term. They retrace a little, or they retrace a lot. RSI gets over 80 doesn't happen too often.
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