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NASDAQ BUY Fundamental research indicates a 23% upside in the NASDAQ common stock over the next 6–12
Common DirectWeaccess
months. to thethe
have calculated full report
target free onoffundamental
price based charge atfactors, using a weighted average
of target prices obtained through DCF and comparative valuation methodologies. We continue to value
Stock http://www.iirgroup.com/researchoracle/viewreport/show/20168
the company over a 6–12 month investment horizon as the market in which it operates is highly
cyclical and therefore trends can be captured more accurately within a shorter investment horizon.
Ticker: IPCR
Target price: US$33.21 We reiterate the NASDAQ common stock a BUY, with a 6–12 month target price of US$33.21.
Current price: US$26.95
European BUY The European stock is expected to appreciate approximately 31% over the next 6-12 months, as the
23% fundamental upside and approximately 7 percentage points’ upside attributable purely to the
Stock1 anticipated appreciation of the US dollar against the euro, is further augmented by a 1 percentage
point upside attributable to the anticipated reduction in European stock discount2.
Ticker: IPCR.BE
Target price: €21.96
Current price: €16.70 We reiterate the European stock a BUY, with a 6–12 month target price of €21.96.