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with all due respect, and discounting the notion that oppenheimer wants to give its institutional clients a chance to buy, the stock has runup quite nicely recently, and is approaching striking distance of its targets; its p/e may be considered high by some. So, the upside has been diminished. Hence, IMHO, a downgrade. Of course, shenanigans could also explain it, but i think not. They just don't think it should run further than 85 . I'd take 85, though would prefer 100. Happy new Year to all P.S. I unwound my 45calls in the October crash--a good move to recapture the upside here. |
