That distribution looks similar to what we see from Wall Street sell -
side analyst ratings, and we know how unreliable those ratings are.
Not exact matches
Analysts saw some weakness in the results, pointing to a decline in the profit margins on the wireless
side, and Shammo's comment that the
rate of device upgrades would be roughly the same as last year.
Sell -
side analysts most often assign companies «buy»
ratings and almost never tell investors to «sell.»
At least eight buy and sell -
side analysts lowered their price targets such as
analysts at UBS who reiterated a Sell
rating with a price target lowered to $ 35 from a previous $ 42.
On the bullish
side,
analysts at Topeka reiterated a Buy
rating with a price target lowered to $ 60 from a previous $ 70.
However, 75 % of sell -
side analysts still
rate the company a «buy» in anticipation of strong iPhone demand when the 8th version is released later this year.
Sell -
side analysts have positive
ratings on the stock and tried to put a positive spin on a so - so quarter.
Bond buyers need to learn to live with this, and employ buy -
side analysts that don't take the opinion of the
rating agencies blindly.
• As more asset managers incorporate ESG factors into their investment decision - making, and sell -
side analysts do the same for their buy / sell
ratings, companies increasingly will be judged on their sustainability performance.
«From a debt
side, we've had a positive outlook for the sector,» says Matt Gallino a director and REIT
analyst at Fitch
Ratings.