This is the question between big and small money.
Share downgrade is hurting their client capital. Most of the time they will not do it unless they can gain big in doing so.
Brokerage fee is too low nowadays and they cannot survive with it. Their motive is much bigger than what you can think of.
My guess is they have too much over the counter long position, they need to cut loss lol
RFG Surely Worth a Buy Now..., page-119
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