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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (68312)2/16/2001 7:05:06 AM
From: Wyätt Gwyön  Read Replies (3) of 436258
 
honesty makes a comeback:
Prudential Securities is bucking an informal tradition on Wall Street. Since October, it has taken the rare step of issuing "sell" recommendations on stocks, including Amazon.com's on Thursday.
In December, Prudential Securities drastically scaled down its investment banking division, and last month its chairman and chief executive, John Strangfeld, told research analysts they were free to issue tougher ratings. He said Prudential analysts should not issue "hold" ratings -- typically Wall Street's most negative stock rating -- when a "sell" was warranted.
interactive.wsj.com
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