Blindsided by bear market, stock-pickers struggle to stay relevant

Blindsided by bear market, stock-pickers struggle to stay relevant

Their ratings on share prices of many companies have become obsolete as markets have skidded at a record pace from bull to bear.. On March 6, for example, investment bank BofA moved its outlook on the European airline sector to "overweight", telling its clients the shares were likely to rally despite coronavirus risks.. In a sign of how the business world has swiftly been turned upside down, Air France shares are now 60% below the 9.9-euro median target price based on analysts' recommendations, mostly made before the coronavirus outbreak became a global health crisis, Refinitiv data shows.. But with hundreds of companies issuing dire warnings or cancelling previously stated outlooks, it's tough for analysts to adjust target prices.. "There's very little data available to analysts," Barclays equity strategist Emmanuel Cau told Reuters.. "While a lot of companies just cancel their forecast, they're actually not providing analysts with up-to-date data on how the crisis is impacting their earnings.". 1/ THE SELL-SIDE DISCONNECT: AIRLINES, OIL & GAS.