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Morgan Stanley Admits They Have No Idea What They’re Talking About: $BLUE Downgraded

Dr. Fly Mon Dec 7, 2015 1:43am EST 1 Comment

The biotech variety show continues. The jokers at Morgan Stanley upgraded BLUE on 10/5, affixing a price target of $143 to it. Tonight, after some hard data was revealed, that showed BLUE to be nothing more than a devlopmental piece of shit, the spazzes at MS downgraded them in a mea culpa report, slashing the target to a clowish $69.

Why $69?

Because everyone gets fucked that way.

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Why bother posting more? All drivel.

Stick to names like AMGN, GILD and EW– avoid the glorified research labs like the plague.

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One comment

  1. firehorsecaper
    firehorsecaper
    December 7, 2015 at 7:02 am

    BAML also moved their rating this am to neutral (non stellar data for BB305 in SCD) with PO to $102 from $149. Outright giddy versus MS price target. JCG

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