Thanks to the kindness of readers who wish to remain anonymous, I too now have the report. It’s long and misguided, IMO, but it’s probably worth reading. Send an email to the address in my iHub profile and I’ll forward the report to you.
The following chart comes from page 41 of the report, and it may contain everything you need to know about the quality of DB’s analysis of MNTA:
This 3-year chart of MNTA’s share price has a red ball at the two instances when DB changed its rating or target price on MNTA. The first such instance was 11/7/07, when DB downgraded MNTA (from “Buy” to “Hold”) at a price close to its all-time low. The second such instance was 2/26/08, when DB kept the “Hold” rating but increased the target price from $6 to $8 after the share price had already climbed to that level!
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