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Non-Tech : Any info about Iomega (IOM)?
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To: Andrew M. Cutler who wrote (25774)6/24/1997 2:26:00 PM
From: Chucky   of 58324
 
Andrew, Francis, ...
Andrew, Zacks did downgrade from a strong buy to a hold, but
to the others, this does not reflect in their average recommendation
available through their free web page. Zacks recommendation is
separate. They give enough away, and they have to sell something.

I don't believe Zacks recommendation changes with stock price,
but with analyst recommendations and earnings estimate revisions.
With revisions being the key. Changes in consensus estimates
usually change stock prices and so on.

Thus with the lowered estimate last week Zacks moved the stock
to a hold this week. Their recommendation is available through
Zacks ultra (not their free research), and I saw this too (6/21),
but the average recommendation remains unchanged.

Later
Chucky

I think codswallop is a little harsh.
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