Agree. If your are an analyst you can't get it that wrong. The price of MCP may have been correct but the REE Market analysis was way off, and then to back flip within a week. And these people down grade Govs and countries...WOW...the lunatics are in charge of the asylum.
Surely they should be given a 'please explain' and given a down grade as a rating house if they can't be professional.
If they had just read the above article they could've come to an obvious analysis. They should be forced to explain how they determined the industry re rating and what changed in one week to re rate again. Besides requiring some profit on their cheap purchase.
Maybe a Governance of no purchases or sales allowed within a certain period of a rating.
"With the share price of Molycorp falling to well below the price target of $66 set by JPMorgan, the company has since upgraded Molycorp back to a buy rating. Seemingly, the JPMorgan analysts are not completely bullish on the company or the market"
Maybe they need to understand the Market first before trying to analyse it!
Agree. If your are an analyst you can't get it that wrong. The...
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