Analyst recommendations and target prices have failed to generate excess returns for investors since 2013, as structural changes and legal risks have eroded analysts’ informational edge, according to a Korea Capital Market Institute report.
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#YonhapInfomax #AnalystRecommendations #TargetPrices #KoreaCapitalMarketInstitute #Alpha #CJENMInsiderLeak #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105526
Even Analyst Picks Fail to Deliver Alpha—“Target Prices Have Lost Meaning Since 2013”
Analyst recommendations and target prices have failed to generate excess returns for investors since 2013, as structural changes and legal risks have eroded analysts’ informational edge, according to a Korea Capital Market Institute report.