Market knew that FLT had earning problems for long time but most brokers did not know.
today a nasty came out.
let us have a look broker data
(prices used cents, simplify B=Buy or Add or Overweight or Outperform, H=Hold or Neutral or Equal-weight)
at end of 2013, SP RANGES 4429--5229 But Brokers,
Deutsche Bank B6000
Credit Suisse B5800
UBS B5310
JP Morgan H4715
Morgans B5380
Macquarie B5430
CITI H4950
at begging of 2014, SP RANGES 4472--5557 But Brokers,
Deutsche Bank B6200
Credit Suisse B5800
UBS B5300
JP Morgan H4370
Morgans B5970
Macquarie B5430
CITI quiet
last updated, SP RANGES 3504--4192 But Brokers,
Deutsche Bank B5700
Credit Suisse B5000
UBS B5380
JP Morgan B5260
Morgans B5535
Macquarie B5585
CITI quiet
******* Broker ratings did not change much, but FLT share prices came down lot. today dropped another 9%. SP=3187. the daily chart formed 'TOP HALF CIRCLE' shape, very bearish shape
(the figures might be wrong. today added shorts and holding shorts)
FLT Price at posting:
$31.87 Sentiment: None Disclosure: Not Held
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