An Empirical Study on the Performance of Analysts' Recommendation
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Graphical Abstract
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Abstract
This paper analyzes the invest value of analysts' recommendations with the sample of 2 660 stocks recommended in Chinese Security Daily from 1999-07 to 2000-12. Results indicate that the recommendations of some analysts are useful to investors. According to the recommendations, four investing style and five holding term will make people win. So, analysts' recommendations embody investing value.
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