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.
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Hawke’s Bay
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
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US pull-out would support Xero at $25 – analyst
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