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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.

Gsleh

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This article has 5 comments:

  •  
    Yet Goldman are supposed to be the really sharp ones. Their turn is coming.
    2008 Sep 11 02:34 PM | Link | Reply
  •  
    This is sooooooooo funny :)
    2008 Sep 11 04:11 PM | Link | Reply
  •  
    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 | Link | Reply
  •  
    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 | Link | Reply
  •  
    Thanks for the info. I needed a good laugh.
    2008 Sep 12 12:48 PM | Link | Reply