I would ignore Huntley recommendations if I were you. Personally, I use their research for the collation of factual info and some useful analysis. Their buy/hold/sell recommendations are rubbish.
Huntley had similar negative comments (related to being in bank hands etc) about Alesco until last week. Huntley then upgraded Alesco to a buy AFTER an almost 400% price spike over the last two months. Apparently the same company (risk changed, not value) that was a high risk hold in Feb at under $1 is now an accumulate at $3.80, hold low, buy high apparently.
Analysts get caught up with market sentiment just like everyone else, their recommendations tend to follow the market, rather than predict it.
PBG Price at posting:
83.5¢ Sentiment: Hold Disclosure: Held
