Agreed. Apparently Citi’s has got a sell on Bubs and $0.39 target. You never know who she had lunch/ dinner with before the report.
To focus on one negative aspect and ignore the rest is what some of these writer paid to do.
JP Morgan has recently reaffirmed the US market as “ Buy” during these record smashing heady days. While some of market sources seem to suggest institutions are exiting the arena and passing on the bags at this lofty highs. Even the US FED is sounding caution and refer to some part of the economy is getting a bit too hot.
I read the ANZ news but don’t usually get sucked into it. It’s rarely that one comes across a neutral and balanced reporting because that doesn’t serve the institution’s intention and more importantly make money for them.
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