ASX Equity Research/Broker Reports?

[Dominover]

Just wondering if anyone ever looks at the free ASX equity research reports / broker reports. I regularly get them emailed to me just from subscribing.
I may have missed a point here, but why are they issuing free reports and why do they choose the companies they choose for free reports?

Is it just to boost interest in trading stocks, because naturally that's in the interest of the exchange too?

 

[Dominover]

Does anyone use broker reports who could add something here?

 

[cutz]

Does anyone use broker reports who could add something here?

Hi there.

Me personally don't use them, full of fluff.

Broker's business is to generate commission.

 

[fergee]

Does anyone use broker reports who could add something here?

I occasionally look at broker ratings through Yahoo finance you can see how many brokers are covering a stock the average target price and their recommendation buy, sell, hold etc.

You can't see which brokers are making the recommendations but it does show if a stock is getting "pumped" by the sell side analysts.

I don't use this in isolation to make an investment decision though, just as another tool to assist my analysis.

 

[Dominover]

Yes, thanks for the replies.. I agree that those reports are probably out there for free to generate business. Maybe some useful key figure but that's the conclusion I came to as well..

 

[frugal.rock]

Reading this reminds of
"one shitty deal"