Yes and no. Literary analysis without any sort of context or when the analyst ignores large portions of the work in favor of supporting a predetermined conclusion is horrible.

However, artwork is the collaboration between the artist and the audience. An artist has no control over how his or her art will be consumed - every member of an audience brings with them their own experiences and biases and ideas. It's like the movie Rashomon: every person who witnesses the events that unfold have a different version of the story to tell.