group1759 wrote: "This is a Perfect Example of Why You Should Ignore Downgrades or Upgrades . . . "
With all due respect, how did you reach this conclusion?
The track record for AMRI hasn't been good. The stock has been a laggard since Dec. 2000. In recent prior quarters, management failed to meet market expectations and, in some cases, missed their own guidance targets.
I won't rain on anyone's parade today because it would appear to be sour grapes. But it's easy to snear at the pros who might have recently downgraded an individual stock, such as AMRI, and it ended up having a good quarter. The pros look at the numbers, track records and make their calls. It's business. It's not personal. Yes, sooner or later, most situations relate to The Godfather.
Everyone's a Monday Morning QB. When will they ever learn? That's their job - to learn. They have people (bosses, clients or investors) looking over their shoulders every day. Day-to-day, year-to-year, Bull and Bear markets, they need to be correct with at least 51% of their bets.