Almeida, Joana; Gaspar, Raquel M. - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-27
Equity studies are conducted by professionals, who also provide buy/hold/sell recommendations to investors. Nowadays, target prices determined by financial analysts are publicly available to investors, who may decide to use them for investment purposes. Studying the accuracy of such analysts'...