By the time these ratings changes are published the stock price change has already happened. Look at the timing of ratings changes, they often appear to lag a significant price change. I have seen buy recommendations at long-term price peaks and sells at absolute lows. So, as far as I can see reacting to these recommendations would be at best produce random results and may even be the inverse of the best action if you already hold a position, I will look for some objective research and report back. What is really interesting is how many investors appear to be smarter and faster than the experts who make these recommendations.
Sentiment: Strong Buy
My buy order had expired so I did not pick up any shares of HCP on the recent dip. My DRIP is active and I am now cogitating on a new buy order, likely in the mid 30's (all in my Roth, looking at 32 to 36). I am long term so the recent dips only present potential buy orders.
Oh, and I have a buy order for HCP if it drops to 38.75. I will add more if it drops to the mid 30s. I used to have a large position but sold it all at 52.44 on 8/24. Let's hope my luck holds out!
@zypha1000... I could not agree with you more. My best investments have come from stocks rated "F" by Schwab and other firms. On the flip side, when the market in general is down I find Value Line to give the best long term advice. Just my thoughts. Best of luck all.
The techs I like to watch are up for the most part. Only the P/E has dropped. Personnel changes are inevitable and not likely to greatly effect long term, me thinks. Seems a number of small-mid size med REITs are slipping a bit, likely Tea-Party fears that Obamacare will kill the industry. Inst. holders don't think so, it appears, and neither do I. A one-two point drop looks like a huge buy op. I'm going in.
Are you expecting a cut in the dividend? Is that what the Flaherty firing means? If not, what is the big deal that justifies much lower prices? That only drives up the already high dividend yield.
(Inquiring minds want to know. I want to know!)