Inthe previouschapterwe referred to someoftheconceptsandmaterialsofanalysisfrom the standpoint of their bearing on what the analystmayhope toaccomplish.
Goldman Sachs analyst James Covello this morning cut his rating on Applied Materials to Sell from Neutral, while reducing his stance on Lam Research to Neutral from Buy, asserting that a recent rally in semiconductor equipment shares has created significant downside risk for the group.
But Citigroup analyst John Lawson believes the market has already priced in the increasing expense of raw materials, and that Michelin should be able to incorporate them with price hikes.