Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of dialysis-services provider DaVita
So what: An analyst at Citigroup
Now what: If Wall Street analysts were always the last word in what investors should do, investing would be a lot less confusing. We'd simply follow their recommendations and get on with more important things in our lives, like watching YouTube videos.
Unfortunately, it's not that simple since Wall Street analysts don't always get it right. DaVita bulls would be wise to take note of Citigroup's concerns and figure out whether they really are reason to throttle down the optimism, but knee-jerk selling is probably a bad idea.
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