Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations
Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations
About this item
Full title
Author / Creator
Publisher
Melbourne, Australia: Blackwell Publishing Asia
Journal title
Language
English
Formats
Publication information
Publisher
Melbourne, Australia: Blackwell Publishing Asia
Subjects
More information
Scope and Contents
Contents
We show that abnormal returns to analysts' recommendations stem from both the ratings levels assigned and the changes in those ratings. Conditional on the ratings change, buy and strong buy recommendations have greater returns than do holds, sells, and strong sells. Conditional on the ratings level, upgrades earn the highest returns and downgrades...
Alternative Titles
Full title
Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_miscellaneous_850556791
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_850556791
Other Identifiers
ISSN
0046-3892
E-ISSN
1755-053X
DOI
10.1111/j.1755-053X.2010.01083.x
