I've recently been signed up to the Shaw + Partners daily markets update email.

Their team provides a quick summary on results for a number of companies then updates a price target and a Buy, Hold, Sell rating.

In the last 8 days they've sent out results summaries for the following 40 companies - BOE, GMD, MMI, PDN, SLX, SRG, WEB, CXL, CCR, DUR, ANG, B4P, DRO, HLO, RDY, SLH, TYR, CLG, IFM, RMS, SPZ, TEA, ABG, CBO, DUG, HPG, LGI, OCL, PLY, ACF, A1M, BOE, DUG, LAU, PMT, SMI, SRV, CTD, CWP, HSN, SXE

And somehow, they have managed to put a BUY rating on literally all 40 stocks they've reviewed!!

I imagine not all brokers are as shameless as these guys, but if ever you needed a reminder that broker valuations are 99% worthless when reviewing a share, this is it.

All they're doing is currying favour to be on the next capital raise.