Why are Wall Street stock analysts clueless?

Why are they paid 400K when they are "useless"
Is it all about sales

 

%%
Carl Ichan made money in TWA;
but airlines sector , unions there have helped bankrupt so many, maybe better to miss it on low side??

 

Actually an interesting question in the context of that data.

Something was missed.Thats no 'fluctuation'.

 

Even at a glance, a call of $8 or $10 would make more sense?

Something not right there.

 

Perhaps a no-confidence vote for the Alaskan side?

 

Oh, weren't you the guy who poo-poo'd technical analysis and how it can't predict anything. So I suppose the "funnymentals" are that much useful either then.

 

Newbies look at the stock analysts' report.

The rest are wise enough not to look at it.

 

This is a classical error when reading sell side reports. Sell side analysts give a price target for a specific scenario. Most analysts will actually include a range of prices based upon scenarios they expect, but non-paying customers only see their “base case”.

Sell side analysts will rarely call an m&a deal before it happens because they’re sometimes privy to mnpi and are not allowed to share it. For us on the buy side, they’re extremely useful and their context around revisions and scenarios is the most helpful.

 

This book explains everything