Downgraded to Negative from Mixed at OTR Global apparently
It seems odd that ZS falls 11% because a no-name firm downgrades them. If it were 4-5%, I would understand, but 11% is ALOT for just a downgrade.
Wall Street analysts and fund managers work under a completely different set of rules that we (as individual investors) do. Their grading changes only pertain to what works in their environment and not necessarily ours. Also, their incentives are completely different from ours. They may have a grading changes that pertains to window dressing for the end of a quarter. We would never do that. So take all of these things with that understanding.
And what did the rating of “mixed” even mean in the first place??
Jeb
Long ZS
Explorer Supernaut
You can see all my holdings here: https://discussion.fool.com/profile/TMFJebbo/info.aspx