Almeida, Joana; Gaspar, Raquel M. - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-27
purposes. Studying the accuracy of such analysts' forecasts is, thus, of paramount importance. Based upon empirical data on 50 … approach, this is the first study looking at overall accuracy in European stock markets. We find that Bloomberg's 12-month … common practice, we perform a comparative accuracy analysis, comparing the accuracy of target prices with that of simple …