This is from the JP Morgan website:
https://mm.jpmorgan.com/servlet/DisplayCOMPDisclosure?ticker=BLY.AX&shortCode=G-2-504533-4&companyType=EQUITY&companyName=Boart Longyear Limited&CalDate=4/22/2009
J.P. Morgan uses the following rating system:
Overweight [Over the next six to twelve months, we expect this stock will outperform the average total return of the stocks in the analyst’s (or the analyst’s team’s) coverage universe.]
Neutral [Over the next six to twelve months, we expect this stock will perform in line with the average total return of the stocks in the analyst’s (or the analyst’s team’s) coverage universe.]
Underweight [Over the next six to twelve months, we expect this stock will underperform the average total return of the stocks in the analyst’s (or the analyst’s team’s) coverage universe.]
The analyst or analyst’s team’s coverage universe is the sector and/or country shown on the cover of each publication. See below for the specific stocks in the certifying analyst(s) coverage universe.
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- jpmorgan rates bly as overweight
jpmorgan rates bly as overweight, page-8
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