I hate it when a big institution like Merrill lynch downgrades a stock when they themselves are raising their position in that stock or are short in their hedge funds and want to cover off of a recent rally.
Seems like it should be illegal.. or at a minimum whenever a coverage analyst upgrades or downgrades they should have to by law disclose in that same analysis their holdings and activity.
Seems like it should be illegal.. or at a minimum whenever a coverage analyst upgrades or downgrades they should have to by law disclose in that same analysis their holdings and activity.