Please use this identifier to cite or link to this item:
|Title:||The value of combining the information content of analyst recommendations and target prices|
Mujtaba Mian, G.
|Source:||Huang, J., Mujtaba Mian, G., Sankaraguruswamy, S. (2009). The value of combining the information content of analyst recommendations and target prices. Journal of Financial Markets 12 (4) : 754-777. ScholarBank@NUS Repository. https://doi.org/10.1016/j.finmar.2009.07.002|
|Abstract:||In assessing the usefulness of the analysts' stock picking advice, the extant literature has largely focused on the profitability of either their stock recommendations or target prices in isolation. In this paper, we examine the profitability of investment strategies that exploit the information analysts convey through revisions in both their stock recommendations and target prices. We find that these strategies significantly outperform the comparable strategies that make use of only one analyst output. © 2009 Elsevier B.V. All rights reserved.|
|Source Title:||Journal of Financial Markets|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Dec 7, 2017
WEB OF SCIENCETM
checked on Nov 23, 2017
checked on Dec 18, 2017
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.