SG stocks to buy: Upgrades/Downgrades by analysts Can we trust analysts’ reports? Throughout the years, we occasionally see analysts flip-flopping between BUY and SELL calls within several weeks. As investments are highly subjective to one’s view, the difference in perspective is understandable. However, it led to certain controversies as investors argue that there may be a hidden agenda behind them. A recent example would be in March 2021 when the market was hit with fears of higher interest rates. I recalled analysts at JP Morgan issuing an “underweight” position on both S-REITs and industrial REITs. This fuelled the fear in investors and caused a further sell-off in REITs. However, some investors saw it as an opportunity to “buy the dip” and the counters such as Mapletree Industrial (SGX: ME8U) swiftly rebounded by 7% the following week! Analyst reports provide you with a useful source of information but investors should not solely rely on them to make investment decisions! In this series,...