In various places one can read summaries of analysts ratings of US stocks, by BOFA, Goldman Sachs, Morgan Stanley, etc. Similarly one one can look at Tipranks. Sometimes these differ. AT&T for instance is currently thought by some to be Buy (BOFA) or Neutral (UBS) or Moderate Buy (Tipranks). For discussion, what do people make of analysts ratings? Do you like any of them?
I have just been through all the ratings for the 85 US stocks that are each at least 0.03% of my portfolio. 16 have average rating Hold, the rest Buy, and none Sell. This seems very optimistic that none are Sell. I compute the money-weighted upside forecast by the analysts to be 8.5%. The dividend yield is 2.2%.
Are these ratings totally useless? When I used to be a client I would look at the BOFA US1 List. It has given me some good ideas, most recently BLK, which is up 60% in 14 months.