Sell-Side Penguin Of The Day Award Goes To...

Tyler Durden's picture


... Morgan Stanley's "research analyst" David Risinger, who today, February 18, 2014, a day after the WSJ broke the news yesterday around 10:30 pm that Forest Labs would be acquired by Actavis for $25 billion, decided to upgrade FRX from Equal-Weight to Overweight, and boosted his price target from "NA" to $86 or about where the stock was trading first thing this morning after the WSJ news. And that, ladies and gentlemen, is undisputed sell-side research value added.

And... Penguins.

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Tue, 02/18/2014 - 15:17 | 4449164 Dr. Engali
Dr. Engali's picture

Ooops. Looks like another banker needs to find a window.

Tue, 02/18/2014 - 15:21 | 4449174 James_Cole
James_Cole's picture

This is why MS makes the big bucks. 

Tue, 02/18/2014 - 15:29 | 4449178 Divided States ...
Divided States of America's picture

His email is on the research report...lets bombard him with emails calling him a fuckin penguin....maybe he may jump off 1585 broadway Morgan Stanley building because he cant handle the heat.

Tue, 02/18/2014 - 16:11 | 4449388 Grinder74
Grinder74's picture

Let's treat him like that guy with the bowtie and goldfish in TWOWS.  


(Man, that was a lot of T&A...too bad there were other people in the theater.)

Tue, 02/18/2014 - 15:22 | 4449181 Unprepared
Unprepared's picture

he's just unlucky... the recommendation was due to be published last night, but he passed out due to heavy-drinking binge the day before.

Tue, 02/18/2014 - 15:20 | 4449172 AAA
AAA's picture

Hmmm... missing the Forest for the trees

Tue, 02/18/2014 - 17:41 | 4449822 aVileRat
aVileRat's picture


Remember all those "Bank of America #1 research firm" award commercials on bloomberg tv ?

Nobody reads BAML research.


Tue, 02/18/2014 - 15:21 | 4449177 Jumbotron
Jumbotron's picture

Came up off the porn site JUST in the nick of time to be fashionably late.

Tue, 02/18/2014 - 15:54 | 4449318 Save_America1st
Save_America1st's picture

HA!  Exactly!!! lol

Tue, 02/18/2014 - 15:23 | 4449186 RockRiver
RockRiver's picture

What a tool....

Tue, 02/18/2014 - 15:28 | 4449202 skwid vacuous
skwid vacuous's picture

they should be the first to swing from lamp-posts, after the top brass of course, spineless sacks of shit, just pimping for the sell-side cocksuckers ...


Tue, 02/18/2014 - 15:33 | 4449231 ebworthen
ebworthen's picture

Man, what a job.

Tue, 02/18/2014 - 16:34 | 4449508 SloMoe
SloMoe's picture

I bet he can predict who won the Super Bowl, too.

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