Might explain why GBG has been so heavily sold off today. Wonder who will be next to downgrade as I've seen Bellpotter take an axe to their price target 3 or 4 times in the last couple months. I find that sell side analysts often hold onto buy recommendations way longer than they should when things are sliding relatively quickly - think it is a saving face response as they don't wont retail investors to start asking why they told them to buy this share not long ago and now saying it is a sell at a lower price.
GBG Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held