Sell Side Benchmarks

• Main Authors: KADAN, Ohad, MADUREIRA, Leonardo, WANG, Rong, ZACH, Tzachi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Financial Analysts; Stock Recommendations; Earnings Forecasts; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3260; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4259/viewcontent/WangRSellSide.pdf
• Institution: Singapore Management University

Sell-side analysts employ different benchmarks when defining their stock recommendations. For example, a ‘buy’ for some brokers means the stock is expected to outperform its peers in the same sector (“sector benchmarkers”), while for other brokers it means the stock is expected to outperform the mar...