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once I came across a set of reports from CLSA on HDIL (Indian realty stock) where they keep revising their target down with a buy rating and suddenly changed their call to sell when stock decreased to 150 from 650.

Spot Target Call
650 750 Buy
550 650 Buy
450 550 Buy
350 450 Buy
250 350 Buy
150 100 Sell

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dunno bout other sectors, but i've noticed the GS Commodity analysts changing their price targets for Ag Commodities (Corn, Wheat, etc) a bit too often and on a very short term thesis. and then they qualify it with riders which just makes the whole thing quite frustrating.
MS Commodities is the best in the biz, led by Hussein Allidina.

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