This may be a butt covering and sounds like he has a stake or is close to someone with a stake in KRY. In the dot com days analysts were pumping stocks even as they were collapsing (to prop up their stakes) and rules and scrutiny on anaylysts pumping stocks got tighter.

In any case, it is usually when these two things happen that stocks turn around:

#1 - Retail gives in and sells (which we have been seeing)

#2 - Anaylysts go largely negative on the stock (like today and the other downgrades)

Kind of like the Bull/Bear ratio... it's contrarian but works. I think the fact it is still up shows the weak hands are largely gone. I will be curious to see how she closes.