You Can't Control Analyst Upgrades/Downgrades, but You Can Control What You Do About Them
You can't be everywhere all at once -- it just isn't humanly possible. So, you have to allocate time and energy where it is most needed. Sometimes, that might mean paying less attention to your investment portfolio than you might otherwise want.
Wall Street analysts are paid to spend all their working hours covering stocks, and you can use that to your benefit. Here's how.
With no intention of insulting analysts, you shouldn't just do whatever they say. They are human, just like you, and can, and do, make mistakes. Perhaps even more importantly, they don't know you personally, so they can't speak to your investment needs and desires. For example, your focus might be long-term, while theirs is more likely to be short-term. In fact, if you wanted, you could live your entire investing life without paying any attention at all to Wall Street analysts.
Source Fool.com
