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Why You Can’t Always Trust Analyst Reports
By Singapore's Budget Babe  •  June 6, 2017
Can we really trust analyst reports when it comes to stock recommendations? My answer is no. I've never trusted analyst reports. While I do read them, I don't rely on them to decide whether or not to buy a certain stock. Sometimes when the opportunity is right, I'll even go in the opposite direction of what these reports tell us to do. When they're all saying "Buy", I'll sell. When they say "Sell", I'll wait a few more weeks and then start buying in. The sections I always have the biggest issue with are the valuations and target prices. If you're one of those who have always taken analyst reports to be the gospel truth, perhaps this will make you think twice.
The above screenshots are taken from The Edge.
In summary, what happened was:
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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