Try asking a sell side analyst how he or she comes up with the long-term expectations if you ever get a chance.
Wold was the only vocal sell-side analyst to downgrade Netflix right before its collapse (on July 6).
But if he did, so did his competitors at other firms--that's what being a sell-side analyst is all about.
There is certainly no dearth of research showing the sell-side analyst community to be woefully inaccurate at forecasting corporate profits.
Todd Nelson , a sell-side analyst at RBC Capital Markets , says he thinks the selloff in Myriad is overdone.
Lawrence Biegelsen, a sell-side analyst at Wells Fargo Securities, makes that suggestion in a note downgrading Medtronic to market perform today.
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We decided to get some ideas from that profession so discredited by Eliot Spitzer and his prosecutorial pack: the Wall Street sell-side analyst.
Riccardo, a sell-side analyst at Bear Stearns, thinks Prempro sales have already bottomed out, and that the changes to the label won't further hurt sales.
"This is probably one of the best biotech deals ever, " says George Farmer , a sell-side analyst at Fortis Securities , which is pursuing a banking relationship with Amylin.
In a report last week, Tim Anderson, a sell-side analyst at Prudential Equities group, predicted that the Premarin trial would be ending early (see " Wyeth's Premarin Trial Seen Ending Early").
Just before Ross was supposed to report same store sales, a sell-side analyst came out and downgraded the stock saying that it was at full valuation with no catalyst to move the stock forward.
Dozens or hundreds of Ebay sellers in China are cheaply sourcing goods from Ma's Alibaba site, then resell-ing the items at a profit, says Jason Brueschke, a sell-side analyst with Pacific Growth Equities in San Francisco.
On Monday, Tim Anderson, a sell-side analyst at Prudential Equities, wrote in a research note that he and his team believe that Bristol carefully designed Prove-It to show the drugs are the same, perhaps by making the study too small or too short.
"Metastatic breast cancer was always a 'Hail Mary, '" says Michael King , a sell-side biotech analyst at Bank of America Securities .
To date, pre-IPO research has not taken hold, but the relaxation on sell-side research after the IPO has resulted in earlier and more regular analyst commentary on companies in the public market.
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The health care business is not even on the radar of most sell-side analysts who cover Verizon on Wall Street, according to a search of analyst notes.
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Working as a buy-side analyst in the financial industry, I have had many conversations with colleagues about how little help sell-side analysts are to their clients.
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