Analyst Apologizes After Tellurian Downgrade Math Error Sends Stock Tumbling


 
 
03:40 07/19/2019











Orignial Article.



Whoops!



'Just how 'efficient' is the stock market in this day and age when risk prices are set solely by the Fed?  Consider the following fiasco: on Thursday one day after Stifel Nicolaus analyst Ben Nolan downgraded nat gas company Tellurian TELL   from Buy (and $16 PT) to Hold (with a nearly 50% lower price target of $9), which wiped out 13% from the market cap of the Houston-based company, Nolan decided to check his numbers and... found an error.'



No wonder TELL call options have been particularly hot.



To read more about what happened, here's the original article.



 








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