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When analysts talk, do institutional investors listen? : evidence from target price changes
Lin, Shannon; Tan, Hongping; Zhang, Zenan - In: The financial review : the official publication of the … 51 (2016) 2, pp. 191-223
Persistent link: https://www.econbiz.de/10011488197
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The curious case of converts
Li, Xiaoyang; Lin, Shannon; Tucker, Alan L. - In: Global finance journal 31 (2016), pp. 1-17
Persistent link: https://www.econbiz.de/10011714631
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When Analysts Talk, Do Institutional Investors Listen? Evidence from Target Price Changes
Lin, Shannon - 2013
Using a large sample of target price forecasts for 6,415 U.S. firms from 1999 to 2011, we find that target price changes predict institutional trading, even after we control for changes in both stock recommendations and earnings forecasts. The impact of target price changes is economically...
Persistent link: https://www.econbiz.de/10013090287