Almeida, Joana; Gaspar, Raquel M. - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-27
, target prices determined by financial analysts are publicly available to investors, who may decide to use them for investment … consensus target prices have no predictive power over future market prices. Our panel results are robust to company fixed … common practice, we perform a comparative accuracy analysis, comparing the accuracy of target prices with that of simple …