These analysts are all paid stooges of the brokerages. Wanna bet that as soon as WAG gets pounded on the the downgrade Merrill becomes a buyer. It should be totally illegal for brokers / market makers to announce an opinion on a stock while they trade that stock. What is the reason for a brokerage house to publicly announce their position on a stock? Is it because they are so magnanimous and want the public to have the benefit of their research? Yeh, right. The only reason that these announcements are made is to move the stock for their benefit. There's no practical difference between that and insider trading. If Merrill sold or shorted any WAG in the last week then their ANAL-yst comes with a downgrade today the SEC should be all over them. Think that'll happen? No way. The entire market is set up to provide these scumbags with overwhelming systemic advantages and to fuck the individual investor.