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<<Does anyone know the times involved. Is it the end of this year, the next or the financial year?>>

Simon --

I'm not sure there's any universal answer. Usually if a price target is given, a time frame is also supplied. For example...

[hmm...]

The first example I pulled from a random news search is this:

<<NEW YORK, Sept 30 (Reuters) - Credit Suisse First Boston said Thursday it is starting finance and transportation company GATX Corp. <GMT.N> with a buy rating and setting a $46 per share price target. >>

So no time frame there.

Another example:

<<NEW YORK, Sept 30 (Reuters) - Lehman Brothers said on Thursday it raised AmSouth Bancorp to buy from outperform. ... Lehman's 12-month price target of $30 assumes a current regional bank composite multiple of 15.6 times the 2000 estimate, implying upside of 29 percent from current levels. >>

This one does include the time frame.

Selena
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