Pacific Crest Cuts Rating - not just another Downgrade.
I ran into Eric Savitz post about this downgrade. i use TipRanks on my browser - and here is what i got on the analyst from Pacific Grade:
his name is Andy Hargreaves and he has pretty accurate ratings.
his success rate is 60% (15 out of 25 BUY/SELL outperformed the market since 2009) that is actually pretty good for a sell side analyst, and for a chimp :)
His average return on each recommendation was +10.6% above the S&P500 since 2009. and he is ranked pretty high (number 113 out of 1700 Analysts).
So unlike other downgrades he is one of the people i would take seriously.
If you dont use TipRanks (free last time i checked), and you take analysts rating seriously you are no more than a gambler playing roulette