Eft Hutton at 7:49 this morning starts with buy and target of 16. News after close stock cut in half from 10to 5. Imagine this scenario. Brokers egged on by sales manager start banging the phones to call their clients.to buy. did the co. give the analyst a free plane ticket and wine and dine him followed by a hooker for dessert? Do analysts do their homework or are their reports just paperwork in case the SEC/NASD walks in?
Anaylst upgrades/downgrades are very often used for manipulation of a stock. That's all their really good for.