I often read the research the broker I use puts out but have to say in my opinion its absolute B@llocks .
As far as I can see a stock is either worth buying or selling, yet most brokers seem to have a whole range of terms, the buy one is straight forward and easy to understand but I very rarely see the sell word used?????, is it taboo for the broking firms or something?, instead they use terms like accumulate, hold, underweight etc
About 6 months ago many brokers had Allco as a buy with profit targets ranging from $10 to $12, then only 2 months ago the broker I use put out so called research with a $6 target, no mention of the previous report only 4 months earlier, at first I thought fair enough, things have changed quite rapidly with the Credit problems around the globe but still it was not called a “Sell”.
Now Allco is around 50 cents and thankfully im out way higher but still licking my wounds but just out of curiosity I ask what the research from the brokers says about this stock, well they don’t cover it , rather convenient I thought