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Until we have further details on the likely structure and potential synergy targets of the merger we maintain our hold recommendations on both stocks.
According to Weiss, three out of four brokerage firms covering companies that filed for bankruptcy from May 1 to Aug. 31 kept "buy" or "hold" recommendations on those companies' shares as they made their filings.
But he said Wall Street was responding on its own to deal with the problem through initiatives like a requirement that brokerage firms include in research reports the distribution of their ratings among buy, sell and hold recommendations.
Experienced investors discounted "buy," "sell" or "hold" recommendations accordingly.
Do you maintain a 'model portfolio' with buy, sell and hold recommendations?
Working out of Seoul, Lee covers health care, household products and personal care products and made the top ten list with picks such as Chong Kun Dang Pharmaceutical, which went up 71%. Lee also had good timing on Hanmi Pharmaceutical, by alternating between "buy" and "hold" recommendations during the 12-month scoring period.
Similar(50)
We maintain our hold recommendation.
We retain our hold recommendation.
We reiterate our hold recommendation.
Our hold recommendation reflects our reservations.
We re-iterate our hold recommendation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com