Mitigating the influence of analysts who issue aggressive stock price targets: the role of joint versus separate evaluation

• Main Authors: Chee, Vincent, Savani, Krishna, Tan, Seet‐Koh
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2022
• Subjects: Business::Accounting; Stock Price Targets; Investor Judgments; Financial Analysts; Joint Versus Separate Evaluation
• Online Access: https://hdl.handle.net/10356/160922
• Institution: Nanyang Technological University

Investors frequently rely on individual analysts’ stock price targets. Aggressive price targets often reflect analysts’ attempts to strategically influence investors. Therefore, investors’ welfare may be compromised if they take aggressive price targets at face value. In this study we examine cond...