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On Nov. 27, 2007, with the stock selling for 25.75, JP Morgan issued an overweight rating on Westar Energy. On Sept. 24, 2009 JP Morgan issued a neutral rating on Westar Energy. The stock opened today (Sept 24th) at 19.73, an approx. 24% decline from their previous overweight recommendation. The whole time the stock was declining they remained silent. And now, with the stock "on sale" by 24% from where they said to buy it, they are neutral. And to think these guys are paid big bucks to issue nonsense like this.
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Ratings Nonsense.
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southbuckey... | (1 Rating) | 24-Sep-09 10:05 am | ||
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That's how they get their customers to trade stock...
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press_the_6
Online Now
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(1 Rating) | 24-Sep-09 10:21 am |
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