analysts at big brokers

  1. 208 Posts.
    Hi
    quote from a GPT thread
    Deutsche Bank cut its rating to sell from hold and lowered its price target to A$1.75 from A$3.40, while Citigroup downgraded GPT to hold from buy and lowered its price target to A$2.30 from A$3.65.

    Seriously, I cant believe these guys/girls get $200K a year (plus plus plus) when their 'analysis' can be this wrong.
    Now they see the written page..they downgrade..all their analysis and targets useless.

    I have a sorry rule of thumb to share..
    When i get these type of reports eg $ 1.75 from $ 3.40 I immediately cut my target to 50% of theirs..
    therefore GPT is a good buy under 87.5 cents
    simple..but gosh it has worked over time..

 
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