Dow Price Targets from Last November

by: Bespoke Investment Group August 24, 2008 | about stocks: AA / AIG / AXP / BA / BAC / C / CAT / CVX / DD / DIA / DIS / GE / GM / HD / HPQ / IBM / INTC / JNJ / JPM / KO / MCD / MMM / MRK / MSFT / PFE / PG / T / UTX / VZ / WMT / XOM

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Barry Ritholtz over at the Big Picture recently highlighted Bloomberg's Chart of the Day showing that analyst profit forecasts are currently worse than ever.

With that in mind, we pulled up a post we did back in November highlighting the average analyst price targets for the 30 Dow stocks. After analyzing those price targets and where the stocks are now, it's clear that bear markets are definitely not an analyst's best friend.

click to enlarge

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Related Stocks:

AA, AIG, AXP, BA, BAC, C, CAT, CVX, DD, DIA, DIS, GE, GM, HD, HPQ, IBM, INTC, JNJ, JPM, KO, MCD, MMM, MRK, MSFT, PFE, PG, T, UTX, VZ, WMT, XOM

This article has 11 comments:

Aug 24 12:50 PM
The chart would show a more dramatice difference if the PRICE TARGET were compared to the CURRENT PRICE.
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Aug 25 10:30 AM
They are less accurate than a 5 day weather forecast.
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Aug 25 10:31 AM
the reason for this poor article , if we can call it like that , is free advertising. Absolutely no subtance,no opinions ,no recommendations, anybody and I really mean ANYBODY can do that with of course a purpose in mind,their own interest not our own (the small investors).
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Aug 25 10:37 AM
Similar performance, or lack of, during the 2001 to 2003 period.
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Aug 25 12:03 PM
Pretty sobering!
Reply | Link to Comment
Aug 25 02:18 PM
If you want to be successful, you have to be able to do it yourself and not rely on so called "experts" like the anal ysts.
Reply | Link to Comment
Aug 25 08:00 PM
What a joke analysts really are. I watched Bear Stearns and Countrywide get sold off cheap, yet analysts still had high target prices, ridiculous and a total waste of time.
My tip is to live as far away from Wall Street as possible and ignor this mob.
Reply | Link to Comment
Aug 25 09:08 PM
To: elGreco...try dramatic, not dramatice
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Aug 25 09:09 PM
To: ozcutty1...try ignore, not ignor
Reply | Link to Comment
Aug 25 09:11 PM
to..user138602...free advertising? What's being advertised? A totally non-thinking comment. Blessed is he who has nothing to say and cannot be persuaded to say it.
Reply | Link to Comment
Sep 08 11:02 AM
Very useless, but in keeping with what we usually get? How do you stay in business? HEY! that may be the problem, you are not in business,just twisting in the wind.
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Dow Price Targets from Last November

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