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Keywords: target prices
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Journal Articles
Journal of Financial Reporting (2022) 7 (1): 1–23.
Published: 01 March 2022
...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...