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Stocks W / Wild Oats Markets, Inc.
|Subject: Re: whats up with Oats||Date: 3/23/2005 5:31 PM|
|Author: boyent||Number: 281 of 300|
Yeah, I knew I should've doubled down on OATS when it was around $6.
The news for OATS lately suggests that two companies, KeyBanc and Prudential, have taken a liking to the stock. Key upped its call to AGGRESSIVE BUY from HOLD, new price target is $11.50. Prudential Equity Group upgraded the company to OVERWEIGHT from NEUTRAL and raised its share price target to $12 from $7, citing improving long-term growth prospects.
I predict it'll hover around $11 for a while, so it still has some reasonable updside from today's $9.27 close. But put a stop-loss in, especially before the next earnings release, cuz this company's been a disappointer...traders seem ready to profit from this guy's run-up...
A Cautious Optimist who's Long on OATS for 2 years now...
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