Analysts Remain Oh So Useless

By -

Good morning, Slopers. The bright spot for me today is my short position is PAA, which is a stock down nearly 20%. What I found amusing is the analysts stumbling all over themselves to update their completely inaccurate predictions with lower-but-more-plausible predictions. Here’s a gem from Baird:

0808-PAA

So they were dead wrong before (it never got within the same ZIP code as $36), and now their target is significantly higher than the price to which the stock has collapsed.

Of course, they weren’t alone in their idiocy:

0808-paaas

Nice work if you can get it, huh?

Do NOT follow this link or you will be banned from the site!