Analysts: I Quit! I Have No Idea What's Happening!
Analysts, shell-shocked by the events in financials this week, are simply giving up today:
1) Merrill Lynch analyst Guy Moszkowski has changed his rating on Lehman from "neutral" to "no opinion."
2) Morgan Stanley said that while they were maintaining their research coverage on Lehman, they are removing their ratings and price targets "due to heightened market uncertainty."
3) Landeburg Thalman's Dick Bove is suspending his price target and Neutral rating on Washington Mutual "until there is some clarification as to what was in the MOU [Memorandum of Understanding]."
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