What value do stock analysts bring with their recommendations? : evidence from the US and the brazilian markets

This paper investigates the impact of changes in analysts’ recommendations on stock market prices over the 2006 – 2018 period, for two distinct markets. I find that, for the US market, both upgrades and downgrades generate abnormal returns on the day of the recommendation revision, with downgrades p...

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Bibliographic Details
Main Author: Medeiros, Raphael Rique Uchôa de (author)
Format: masterThesis
Language:eng
Published: 2020
Subjects:
Change in recommendation
Stock analyst
Abnormal return
Event study
Mudança em recomendação
Analista de ação
Retorno anormal
Estudo de evento
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
Online Access:http://hdl.handle.net/10400.14/29848
Country:Portugal
Oai:oai:repositorio.ucp.pt:10400.14/29848

Internet

http://hdl.handle.net/10400.14/29848

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