The J P Morgan analyst has a 4-star rating. However, his price target from back in November is $42. So, I can see his downgrade from buy to hold. I give him a little credit because it was a good call at the time. The high analyst target is $53 and mine is higher. Overall, if any credence is given to analysts’ targets, the risk/reward is quite favorable.
Keeping in mind the recent thread on the perils of confidence, I did complete increasing my already top position by 25% today (and placed an additional low-ball order). I’m in at $45.25 and $45.52 on today’s buys.
Wonder if Saul nibbled?