Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations
Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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After a string of years in which security analysts' top stock picks significantly outperformed their plans, the year 2000 was a disaster. During that year the stocks least favorably recommended by analysts earned an annualized market-adjusted return of 48.66 percent while the stocks most highly recommended fell 31.20 percent, a return difference of...
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Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations
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TN_cdi_proquest_journals_1698315045
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1698315045
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https://www.proquest.com/docview/1698315045?pq-origsite=primo&accountid=13902
