Feb. 20 at 11:50 AM
$DE extensive list of PT.
BMO 500
Daiwa 730
Baird 675
JP Morgan 525
Bernstein 615
Raymond James 765
HSBC 590
RBC 736
Oppenheimer 715
Bank of America 672
Bank of America is basing their 672 price on 28x 2027 EPS. They used the same for
$CAT. Said that it is above the historical range PE of 15-18x and in the recovery multiple range of 20-28. Basically using the highest multiple. What could possibly go wrong with this analysis!!!
Isn't it crazy that they use higher PE to justify price when they see recovery, yet use a lower PE when it is firing on all cyclinders. LMAO.
Anyways, just go long because why do valuations matter.