Almeida, Joana; Gaspar, Raquel M. - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-27
of the biggest (larger capitalisation) European stocks over a 15-year period, from 2004 to 2019, and using a panel data … consensus target prices have no predictive power over future market prices. Our panel results are robust to company fixed …