Q: Good morning,
Is AC still a buy at $22.00 and what is your target price for its fair value.
Thanks,
George
Is AC still a buy at $22.00 and what is your target price for its fair value.
Thanks,
George
5i Research Answer:
The stock is cheap, but after its share buyback we would expect shares to get quiet for a while. We would see it more as a HOLD right now. We might target $25 under good market/company conditions.