Why someone changing their view is a good reason to reappraise the investment case
Thursday 13 Jun 2019 Author: Daniel Coatsworth
Investors should always sit up and take notice when an analyst changes stance on a stock, particularly if they are upgrading to buy or downgrading to sell. It sends a strong message that something has changed with the investment case. Sometimes they change rating on a stock for valuation grounds. For example, a stock may have fallen in price to such an extent that they think it is now...