...Kelvin K. F. Law ABSTRACT In October 2018, I/B/E/S claimed to have anonymized the identifications (IDs) of 88 brokers and their analysts in its Detail History Files. This paper examines to what extent the change affects the post-2018 Detail History File. The main findings are as follows. First...

...Kristian D. Allee; Devon Erickson; Adam M. Esplin; Stephannie A. Larocque ABSTRACT We provide new evidence on individual analysts' differential abilities to forecast firm value. We find that independent analysts' target prices perform well in predicting future price relative to investment-bank...

...Zahn Bozanic; Jing Chen; Michael J. Jung ABSTRACT We examine a specific form of what we term analyst contrarianism. We define contrarianism as cases where an analyst expresses a summary opinion contrary to the direction of a given earnings surprise or revision. Distinct from analyst optimism...