Q: Good morning to all at 5i team!
I'm a novice trader and I hope my question is not too obvious.
I like to watch the "analyst estimates" on the Wall Street Journal website and I wonder how realible those estimates are and who provides them ?
Fo example, the average target price for BIN (Progressive Waste Solutions) according to the Wall Street Journal (aka their data provider) is set to 31.38 (see http://on.wsj.com/1gH1FaE).
This is lower than the current price at 35.6.
What's your though on such estimates ?
Thanks !
François
I'm a novice trader and I hope my question is not too obvious.
I like to watch the "analyst estimates" on the Wall Street Journal website and I wonder how realible those estimates are and who provides them ?
Fo example, the average target price for BIN (Progressive Waste Solutions) according to the Wall Street Journal (aka their data provider) is set to 31.38 (see http://on.wsj.com/1gH1FaE).
This is lower than the current price at 35.6.
What's your though on such estimates ?
Thanks !
François