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22V Research recommendations are based on a stock’s total forecasted return over the next 12 months. Total forecasted return is equal to the expected percentage price return plus gross dividend yield. We divide our stocks under coverage into three primary ratings categories, with the following return guidelines:
Buy – our firm’s opinion is that this stock likely will rise by +10% or more over the next 12 months
Neutral – our firm does not recommend that clients buy this stock at the present time
Sell – our firm’s opinion is that this stock likely will be down by -10% or more over the next 12 months
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