Investment Analysis Diligence

During a recent team meeting, an analyst at a boutique investment firm presented her findings on a new technology startup. Her primary source of information was a third-party research report that she relied on heavily.

While the report was well-researched, it was produced by a firm that had a financial interest in the company's success. The analyst did not independently verify the data or substantiate the claims made in the report.

Considering the CFA Institute Code of Ethics and Standards of Professional Conduct, what should the analyst have done to ensure she adhered to the principle of diligence in her investment analysis?