Definition of Outperform

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Morning Simon I queried this on the website mail last week and I got a very nice phone call from the guys at Credit Suisse explaining how it works but I'm afraid I'm still confused. Today 2 research reports have come out on Standard Bank and Aveng respectively. Standard Bank: Share Price 6015 Target Price 8300 "Underperform". My calc thats an increase of 37,9% Aveng Share Price 2690 Target Price 3100 Outperform. My calc increase of 15,2 % How does an increase of 37% get an Underperform and an increase of 15% get an Outperform?? Please help this farm boy Regards

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Those "outperform" and "underperform" recommendations have little correlation to what the share eventually does. If the analysts knew any better than you or me what would go up and what down, they wouldn't be analysts; they'd be sitting on a tropical beach sipping fruit punch while raking in millions trading online.