RE:analyst don't have any credibility So why are analysts so often wrong? Well, one reason is that their predictions are based on the storyline that the company gives them. So if you wanna know what PLI has been telling analysts and brokerages, just look at what their analysts say.
Brokerages buy into the storyline lock stock and barrel because they get to do a stock issue for which they get paid. If they were honest, and actually did their own DD they'd discover when guys like PLI management are blowing smoke up their azz. The stock market is one place where bs talks, and capital goes to die.