Lately UBS downgrades mean nothing. In fact, I think they are purposely degrading the stocks. The purpose in this case is to cause the shareholders, who have some decent gains, to sell off some of their shares and for someothers, who are nearly even, to throw away their shares. I would'nt do it in either case. IMO this stock is going to roll in the next couple of months. 20-21 is my guess.
Anyone have access to their research? I'd like to see their justification for a downgrade. I read the JPM report from a few weeks ago, and the only reason for a downgrade there was JPM's forecast of lower gold prices in the future and therefore GG's signaling of future acquisitions (due to its strong cash basis) was unwise. I'd like to see UBS's take on this.
Do't be so fucking naive - it's called 'manipulation', pure and simple. Early on the day after stellar earnings, these assholes want you to believe there's something amiss with the results. Don't get fooled into dumping your shares 'cause of some dickwad rumors.