Analyst information, when given directly or from stock brokers, must be disseminated to a group, rather than to individuals. So it’s not considered “inside” or private by the time it gets to the average investor. Or,for that matter, most professionals or institutions, if it is to be deemed legal by the SEC.
But I find most analytical advice is not worth that much. What analysts get from a company is already so widely known and relatively insignificant, it makes little worthwhile difference for choosing securities.
Analysts have no real knowledge of what actually goes on in any company from the outside, despite all their pompous discourse about corporate activity.
That is why I always suggest the purchase of unmanaged, index mutual funds or exchange-traded funds (ETFs).
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