Stifel Bullish On Sotheby's Despite Legal Risks – ValueWalk Premium
Sothebys
26Mar2014

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 . . .

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Author

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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