Thanks for your observations. I'm assuming you mean ashtrays are useless on motorbikes ? I can see that!
Do you think they are useful at all if combined with DYO research? Or do you think they are priming their own pumps?
I would have thought that the analysts were independent of COmmsec?
Here's a bit more detail on the 3 analysts
CBA Institutional Equities investment recommendations are determined by the covering analyst and reflect the analystís assessment of a stockís expected total shareholder return (TSR). Stock expected TSR is calculated as the difference between the analystís 12-month price target and the current share price plus the forecast dividend yield.
Morningstar believes that buying shares of superior businesses and allowing them to compound over time is the surest way to create wealth in the stock market. The long term fundamentals of businesses, such as cash flow, competition, economic cycles, and stewardship, are Morningstar's primary focus because history has shown that market sentiment is fleeting, momentum can quickly reverse, and the herd is sometimes a dangerous crowd. Occasionally, this approach causes our recommendations to appear out of step, but willingness to be contrarian is an important source of outperformance and a benefit of Morningstarís independence. Extensive methodology documents are available on Morningstar's website.
Consensus recommendation include the number of recommendations in each band; and consensus recommendation revisions over the last 90 days. No detail on the individual analyst estimates or recommendations are published by Morningstar sites or redistributed to Morningstar clients.