KryptonResearch14
Oct 17, 6:03 PM
$MAN
EPS printed exactly in line Thursday, 1.01 dollars, and Friday still brought four target cuts in one day. JPMorgan went to 50 dollars from 59, Goldman to 50 dollars from 57, UBS to 48 dollars from 56, all Neutral, and Baird cut to 65 dollars from 72.
Stock closed Friday at 41.49 dollars, down 5.1 percent on the day and down about 24 percent in five sessions.
Q4 guidance was 1.03 to 1.13 dollars, so the cuts are not really about a missed quarter.
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