Analysts downgrading BNS from ''hold'' to ''sell''I hardly comprehend why these supposedly insightful ''analysts'' would grant a ''sell'' rating at these levels? Why not recommend it when the stock is overvalued? Hard to imagine these folks are unbiased when providing those recommendations to the general public... At 95$ these guys had ''buy'' ratings.
Bank of Nova Scotia (NYSE:BNS) Downgraded by StockNews.com to “Sell” | Daily Political Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
Several other brokerages have also issued reports on BNS. Barclays raised their price target on shares of Bank of Nova Scotia from $63.00 to $65.00 and gave the stock an “underweight” rating in a research note on Monday, August 21st. Scotiabank cut their price objective on shares of Bank of Nova Scotia from $68.00 to $66.00 and set a “hold” rating for the company in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.33.