Sell-side analysts' benchmarks
Sell-side analysts employ different benchmarks when defining their recommendations. A buy for some brokers means the stock is expected to outperform its industry, while for other brokers it means the stock is expected to outperform the market, or some return threshold. We show that these stated benc...
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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2020
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6523 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7522/viewcontent/Sell_Side_Analysts_Benchmarks_av.pdf |
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Institution: | Singapore Management University |
Language: | English |