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Professional stock analysts' recommendations: Implications for individual investors

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  • Walker, M. Mark
  • Hatfield, Gay B.

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  • Walker, M. Mark & Hatfield, Gay B., 1996. "Professional stock analysts' recommendations: Implications for individual investors," Financial Services Review, Elsevier, vol. 5(1), pages 13-29.
    • Handle: RePEc:eee:finser:v:5:y:1996:i:1:p:13-29
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    References listed on IDEAS

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    10. Bjerring, James H & Lakonishok, Josef & Vermaelen, Theo, 1983. "Stock Prices and Financial Analysts' Recommendations," Journal of Finance, American Finance Association, vol. 38(1), pages 187-204, March.
    11. Griffin, Paul A & Sanvicente, Antonio Z, 1982. "Common Stock Returns and Rating Changes: A Methodological Comparison," Journal of Finance, American Finance Association, vol. 37(1), pages 103-119, March.
    12. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    13. Holloway, Clark, 1983. "Testing an Aggressive Investment Strategy Using Value Line Ranks: A Reply," Journal of Finance, American Finance Association, vol. 38(1), pages 263-270, March.
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    Cited by:

    1. Gold, Steven C. & Lebowitz, Paul, 1999. "Computerized stock screening rules for portfolio selection," Financial Services Review, Elsevier, vol. 8(2), pages 61-70.
    2. Schadler, Frederick P. & Eakins, Stanley G., 2001. "A stock selection model using Morningstar's style box," Financial Services Review, Elsevier, vol. 10(1-4), pages 129-144.
    3. Smith, Keith V., 1997. "Asset allocation and investment horizon," Financial Services Review, Elsevier, vol. 6(3), pages 201-219.
    4. Eakins, Stanley G. & Stansell, Stanley R., 2003. "Can value-based stock selection criteria yield superior risk-adjusted returns: an application of neural networks," International Review of Financial Analysis, Elsevier, vol. 12(1), pages 83-97.
    5. Loviscek, Anthony L. & Jordan, W. John, 2000. "Stock selection based on Morningstar's ten-year, five-star general equity mutual funds," Financial Services Review, Elsevier, vol. 9(2), pages 145-157, 00.
    6. Haris Bin Jamil & Aisha Ghazi Aurakzai & Muhammad Subayyal, 2014. "Can Analysts Really Forecast? Evidence from the Karachi Stock Exchange," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(1), pages 91-109, Jan-June.

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