Came across following article in today’s WSJ.
http://online.wsj.com/article/SB121702192232585849.html?mod=hps_us_whats_news
I always use to think that highly reputed independent research firms like Morningstar's research is always data-driven and there is hardly any chance of internal influence or pressure to tweak these reports. The article seems to be telling some other story. In future, I will have to be more careful reading analyst’s report on a company. The idea behind reading analyst’s report is to collect data and information from their reports and make your own judgement. What if data and information provided by analysts are misleading (or influenced)? What is the point in paying Morningstar for analyst’s report if these reports are not providing the right information?
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