We are all busy man (I assumed) and thus most of the time need to rely on some ready research papers (with all the financial figures/stats) from the Research Houses for our stock investment idea. Personally, I think it is a great way to make use the Research Paper as a basic resource for our own "advanced" analysis.

Having said that, there are quite a number of Research Houses around and each of them have their own set of guidelines and assumption. It is hard to determine which is more right than the other. Hence, for the same counter, different Research House might derived a different outcome with different recommendation and Target Price (or Intrinsic Value). I guess there is no RIGHT or WRONG answer as they are all doing forecasting with the best assumption they know/anticipated (just like weather forecast).

As I am pretty new to the Stock Market scene and hence like to seek out to ...