Seriously, there are no better examples of the complete nonsense of ‘broker recommendations’ than this stock and the CBA - two of the biggest companies on the ASX.
The whole time I’ve owned CSL, it has been a ‘strong buy’ …… over that equivalent time CBA has had a unanimous thumbs down from the broking community…… don’t touch it they say ….’strong sell’
Being two of the biggest companies, and being long established ones, you would think the brokers would be all over them. Well the strong buy stock has treaded water for 5 years while the strong sell stock has more than doubled its value. For your collective interest here are the latest consensus recommendations:
Nothing has changed.
Maybe they’ll get it right this next half decade.
(20min delay)