Stifel Bullish On Sotheby's Despite Legal Risks

26MarMarch 26, 2014

Stifel Bullish On Sotheby's Despite Legal Risks

In light of activist hedge fund Third Point’s legal action in regards to questioning the legality of Sotheby's (NYSE:BID) poison pill measure, Stifel Nicolaus reiterated their Buy rating and $65 price target.

Legal opinion aside, fundamentals look good for Sotheby's
The research report does not take a legal opinion on the merits of . . .

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Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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