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Old 16th October 2009, 03:28 AM
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Default Target Price of a Stock?



Hi everyone,

I'd like to know how is target price of a company calculated in equity research reports of brokers. For eg consider the following report on Infosys ...

http://www.megaupload.com/?d=K0VHF13P

I have good knowledge of finance so advanced level answers are also welcomed.
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