MBL macquarie bank limited

apsect huntley

  1. 2,020 Posts.
    Reduced recommendation from buy to accumulate based on share price movement only.

    What an absolutely lazy and useless analysis. Unaware of any changes in fundamentals!!!!!

    I've counted at least 50 different business events skewing the result to above expectations.

    All they wrote was...

    The share price has moved to $69.78 from $61.5 at the time of our last report on 03/02/2006.

    Business Impact: Due to share price movements our recommendation has changed from Buy to Accumulate. We are unaware of any change in fundamentals.
    Forecast Impact: --
    Recommendation Impact: Recommendation changed from Buy to Accumulate. (Last updated: 26/04/2006

    Really staring to see how little value brokers add these days. All you need is google alerts and you know everything about your stocks before they even write it.
 
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