Bad Analyst Call of the Day

Goldman Sachs (GS) downgraded Lehman Brothers (LEH) from a Buy to a Neutral today.  Yep, they had a Buy on the stock from $46 down to $5.  After having a Neutral rating on Lehman from June 2006 through March 2008, Goldman decided to take a chance following the March lows and make a Buy call.  It looks like they're throwing in the towel on that call today.

Comments

[1worldcurrency:]

Yet Goldman are supposed to be the really sharp ones. Their turn is coming.

2008 Sep 11 02:34 PM

[jimmy46:]

This is sooooooooo funny :)

2008 Sep 11 04:11 PM

[Fish Gone Bad:]

Here are some more current ratings for LEH:
Standard and Poor's has three stars.
Sabrient is a buy.
Market Edge is neutral.

Clark Jenkins
FishGoneBad.com

2008 Sep 11 05:52 PM

[Fish Gone Bad:]

Here are some more current ratings for LEH:
Standard and Poor's has three stars.
Sabrient is a buy.
Market Edge is neutral.

Clark Jenkins
FishGoneBad.com

2008 Sep 11 05:52 PM

[dc1:]

Thanks for the info. I needed a good laugh.

2008 Sep 12 12:48 PM