mott is the analysists analysist

This is the same guy who had a buy on BNB and the sp went from $13.50 to $5.50

This bloke is a joke and the bad news is that UBS is my broker! However, whenever I get the daily news and his name is on it I just ignore it.


SYDNEY (Dow Jones)--Macquarie Group Ltd. (MQG.AU) shares fell as much as 10% to a three-and-a-half-year low after broker UBS AG cut its rating on the stock and warned the Australian investment bank's profit may be hit by asset writedowns.

UBS analysts cut their rating on Australia's biggest investment bank by revenue and assets to Neutral from Buy, slashing their price target to A$48.00 a share from A$60.00.

"With the global credit crunch and bear market entering its second year, and with little end in sight, we believe this is placing ongoing pressure on Macquarie's businesses and outlook," said UBS analysts Jonathan Mott, Chris Williams and Shu-Ling Liauw in a report.