BREAKING: Pepsi Downgrades Coke and Gives New Price Target of $1
Is anyone else sick of seeing banking companies or research companies with a competing interest have the ability to upgrade/downgrade their competitors and set price targets??? This is crazy to me and I am not sure why nothing has been made of it before.
For example, why is a company like Wells Fargo/Chase/Citigroup/Credit Suisse/Goldman Sachs and others able to provide a rating and price target on businesses they directly compete with?
Many of these companies offer credit cards and personal loans… and they are rating and giving price targets to competitors who are only in those spaces.
Many of these companies offer mortgages… and they are rating and giving price targets to competitors who are only in the mortgage space.
I equate this to if Pepsi is able to rate Coke, but Coke doesn’t have the ability to rate Pepsi. This system is completely messed up. We need seperate entities that are not publicly traded and have no ties to publicly traded companies to do independent research and provide a full, detailed report to justify any ratings and price targets.
Submitted February 18, 2022 at 02:49PM by Ok-Perception-5412
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