Classic Wall Street Analyst Behavior

This is all you need to know about Wall Street analysts and their ratings..

Bespoke Investment Group has a  great chart showing how few analysts followed Apple in 2000-2004. But as the stock price rose, so did the number of analysts following the company and the number of buy ratings..  Now that the stock has been a poor performer, analysts are changing their tune. Classic trend following and only concern for the somewhat visible near term.

http://seekingalpha.com/article/1508272-analysts-slowly-sour-on-apple?source=email_authors_alerts&ifp=0

 

 

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About Tim Heitman