Wunderlich upgrades Nokia's target and maintains a "Hold" rating.. should you trust him?
For those who never tried TipRanks. its a really awesome Browser plugin that shows you the track record of analysts.. this way you know if you should take the analysts estimates seriously or if the analyst is mediocre.
According to TipRanks the analyst Matthew Robison from Wunderlich has a pretty awkward track record.
out of 9 outperforms ratings he gave only 1 actually outperformed the S&P 500..
another interesting metrics that opened when i read his Nokia recommendations on Barrons was that if you followed his ratings since 2009 (Buy when he said Buy and sell when yhe said Sell), you would have achieved -17.7% under the S&P.
in this case he has a Hold Rating which doesn't really mean anything... or did i get something wrong?
Do not trust this outfit, I have seen them in action, they typically write "hit" pieces the day before a good earnings report to keep the stock low for further accumulation for institutions that they support. Notice we have only about 17% institutional ownership which is going to increase dramatically by end of 2013.
So, don't be surprised if they come in with a downgrade on Jan 22 and try to kill a rally, this is just a heads up so no one is surprised when it happens.
These guys have zero credibility. I am long and will be for many years, don't let these hacks dupe you.
But not all of them do, some perform pretty well..
Try Out TipRanks.. its a browser Add On that shows you their exact recommendations during the last 4 years and their performance... this is how you can distinguish between those who have interests and those that are doing a good job...
Its kind of an financial accountability engine.. and they are looking for alpha testers (friends of mine)..
their vision is give clear and transparent data to the main street.