Struggling:
Today's MacBank Memo says:
Quote:
12-month price target: A$3.13. QAN remains attractively priced, and we maintain our Outperform recommendation
If you think any utterance made by Macquarie Bank at any time for any reason is anything more than self serving crap then God help you.
While I am not suggesting in any way that Macquarie would ever do this, it is not unknown for people who have a large amount of shares they wish to sell to arrange for the stock to be promoted forcefully to retail markets.
It is very difficult ever to prove its been done. There are ongoing investigations in the USA of the links between certain stock brokers, banks and journalists.
If you want to lose your faith in financial markets, and you have time on your hands, read the investigative articles here:
Deep Capture Blog