Why we think recent sector downgrades are wrong
It’s been a busy month for contentious analyst reports, so let’s get cracking. First up was Goldman Sachs’ sector downgrade on 30 May. While GS is good at many things and has one of the biggest commodity teams on the Street, they suffer from the fact that they are generalists and this came out very clearly in their report. CS's sector downgrade suffered from many of the same things and BNEF's long-term Electric Vehicle Outlook was a bit weak on the analysis. Subscribe to Battery Materials Review to read our detailed thoughts on the three reports.