Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59% Gain, Analyst Says
November 19, 2008 at 08:33 AM EST
Riddle me this : When is it good news when an analyst slashes his price target for a stock by 55%? Answer : When that “reduced” target price still represents a 59% gain. That’s precisely the scenario facing Companhia Vale do Rio Doce (ADR:…