Business
Investor AM: Revenge of the 'sell' rating
A funny thing is happening as the market for new stock offerings remains weak--the dreaded "sell" rating is making a comeback. Sure it's still early in the "sell" rating trend, but it was hard to miss Prudential Securities analyst Mark Rowen's recent downgrade of Amazon.
A funny thing is happening as the market for new stock offerings remains weak--the dreaded "sell" rating is making a comeback.
Sure it's still early in the "sell" rating trend, but it was hard to miss Prudential Securities analyst Mark Rowen's recent downgrade of Amazon.com (amzn). Rowen already had a "hold" rating -- the equivalent of a sell these days -- but figured he'd clarify things a bit with a "sell" rating. The rating is notable because you normally don't see "sell" ratings for any stock above $1. Full story. --Larry Dignan, ZDII