US pull-out would support Xero at $25 – analyst
Woodward issues a downgrade and slashes its 12-month target — but also has a suggestion for doubling its share price.
Woodward Partners Securities has downgraded Xero from neutral to underperform, slashed its 12-month price target from $18.22 to $12.50, and suggested the company would be better off if it abandoned the US market.
Xero [NZX:XRO] was up 1.82% to $13.95 in early afternoon trading, recovering a little
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Related News
Related News
US pull-out would support Xero at $25 – analyst
50989