Chart Update, page-8651

Nice article from 2009, showed that Analysts did not move the market as much as previously thought, although to me teh key point is

"The Financial Times thinks this could fuel the debate over the role of stock research. The authors of the study are certainly down on stock analysis. They point out that 80 per cent of analyst changes are made after company news has been disclosed. “Analysts’ revisions are typically information-free,” the study concludes.“Analysts’ recommendations don’t add much value and investors know it,” Hansen says."

Which is what we have seen this week. A news article, followed by analysts followed by news, followed by analysts and so on. The one piece of news was that a Chinese local company is marketing a Chinese sourced A2 IF. Then an analyst added some old news about Nestle and vomited it into the news again with a negative tone. Then the news picked this up and added some other old news to vomit up what seemed to be a new story......and so on.

https://www.*.com.au/new-study-says-stock-analysts-dont-move-stocks-2009-5?r=US&IR=T