PT  - JOURNAL ARTICLE
AU  - Jin-Gil Jeong
AU  - Youngho Lee
AU  - Sandip Mukherji
TI  - An Analysis of Analysts' Projected Gains
AID  - 10.3905/joi.2008.707217
DP  - 2008 May 31
TA  - The Journal of Investing
PG  - 47--54
VI  - 17
IP  - 2
4099  - https://pm-research.com/content/17/2/47.short
4100  - https://pm-research.com/content/17/2/47.full
AB  - The authors find that analysts favor value stocks and prefer low-momentum stocks with high-growth prospects, which have been shown to provide excess returns in conjunction with value strategies. The results suggest that accusing sell-side analysts of chasing price momentum and pushing growth stocks amounts to selling them short.TOPICS: Performance measurement, security analysis and valuation, exchanges/markets/clearinghouses