It makes no sense to me that a professional analyst - whose career is based on his/her projections - would willingly upgrade when he thinks the stock will blow....all for the benefit of the bank's trading income. I may be naive, but why would an analyst blow is reputation for all to see? All this, too, with Chinese walls.
Unfortunately, I'm bought COF on GS's upgrade, though did sell LEAPS to hedge. Does anyone know if GS has offered notes on the call (as they did with C post their earnings)?