When Analysts Matter

Wall Street has a love-hate relationship with its research analysts. On the one hand, equity analysts have a decidedly mixed record of accurately predicting the future. If you bought when your typical analyst rates a stock a

Wall Street has a love-hate relationship with its research analysts. On the one hand, equity analysts have a decidedly mixed record of accurately predicting the future. If you bought when your typical analyst rates a stock a “buy,” you’d probably be no better off than buying when he or she said “sell.”

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