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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: Brasco One who started this subject11/28/2000 5:22:31 PM
From: Dave Gore  Read Replies (1) of 263
 
Donnie/All: new to your thread. I read your thread intro and wondering if you guys really believe it is that analysts have really been that stupid in their silly Price Targets of the past (and subsequent late and laughably drastic downgrades) or whether there is a deeper culprit at work.

I know that some think that the purpose of the ultra-high Price Targets of months ago was to set up an eventual short call for a brokerage firm's clients. So are the brokerage firms top guns at fault here? Do they tell the analysts, at least in some cases, what to say?

I got suspicious when the practice of setting timeframes stopped. A price target without a timeframe wreaks of something that lawyers suggested as a "cya" scenario, doesn't it?
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