RE:Well You offer an interesting perspective ....if you weren't misguided on how the rating system works. Analysts ratings are continually updated ....you were correct about that. The reality is that during this update ratings by an advisor that have not been changed over a specified period of time are dropped. One of the ratings dropped was from the end of April while the other was from May. Thus you go from 9 ratings to 7.
Of those ratings that were dropped one was from Scotia Bank and since they have already responded to the financials it should soon be included in the update of the update. These things don't happen overnight.
There is certainly reason to adjust perspective based on what will likely be some selling because net profitability may have been expected ....and wasn't delivered on. This shorterm blip though shouldn't preclude some significant longterm expectations.
A negative view isn't a bad thing provided it is based on sound rationale.
Cheers and GLTY!!!