The Unbearable Silliness of Price Targets

Pier 1 Imports falls 15% after announcing it will close roughly half of its locations. Bill Barker analyzes the challenges facing the home furnishings retailer. Every day Wall Street analysts issue upgrades and downgrades. We discuss why the price targets are the least important part of those reports.  Plus, we dip into the Fool Mailbag to discuss Peter Lynch’s classic book “Beating The Street” and a Canadian burger chain. To read Bill’s original article about price targets, click here: https://web.archive.org/web/19991128190018/www.fool.com/news/1999/foth991028.htm

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