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Message: CIBC has EFL as sector outperform

CIBC has raised it's price target to 1.00 and it looks like all the analysts are taking these recent developments seriously. CIBC states that based on the description of the asian conglomerate in the announcement they have norrowed it down to three possible partners. Tata Group, Mitsubishi Corporation and Toyota Tsusho Corp.,(info from another bullboard site) I would suspect based on their previous relationship that Tata seems most likely. The fact that they are talking about a plant in India makes this more likely as well but the location could be just based on expected demand. Let's face it, any of these three corporations would be tremendous. Based on all this recent news I wouldn't be surprised if we see a big jump in SP after the Wedbush Morgan Conference on March 7th where they will make a presentation to a select group of institutional investors. I am surprised the SP hasn't gone much higher after all this recent news.

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