Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.finmar.2009.07.002
DC FieldValue
dc.titleThe value of combining the information content of analyst recommendations and target prices
dc.contributor.authorHuang, J.
dc.contributor.authorMujtaba Mian, G.
dc.contributor.authorSankaraguruswamy, S.
dc.date.accessioned2013-10-09T02:33:40Z
dc.date.available2013-10-09T02:33:40Z
dc.date.issued2009
dc.identifier.citationHuang, 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
dc.identifier.issn13864181
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/43787
dc.description.abstractIn 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.finmar.2009.07.002
dc.sourceScopus
dc.subjectInvestment strategies
dc.subjectSecurity analysts
dc.subjectStock recommendations
dc.subjectTarget prices
dc.typeArticle
dc.contributor.departmentACCOUNTING
dc.description.doi10.1016/j.finmar.2009.07.002
dc.description.sourcetitleJournal of Financial Markets
dc.description.volume12
dc.description.issue4
dc.description.page754-777
dc.identifier.isiut000271070400009
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