Analysts' sentiment and downgrades can significantly impact a stock price, helping it to correct or even sustain downtrends despite otherwise bullish indications. The main point to remember is that downgrades and price target reductions are generally based on the overall market conditions.
Bearish analyst activity within a downtrend of activity will sustain a downtrend in price action, while bearish activity within an otherwise bullish market can open up significant buying opportunities.
