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• W4384129507 abstract "Abstract A rising trend is that analysts bundle earnings forecasts for multiple firms on the same day, and such forecast bundling is associated with low‐quality forecasts. We explore target price bundling and recommendation bundling. Factors driving bundling revisions of an output for multiple firms vary across three outputs: forecasts, target prices, and recommendations. Target price (recommendation) revisions bundled for firms are less informative than stand‐alone revisions. Although consistency in the direction of revisions between different outputs is typically associated with higher perceived quality, consistent revisions between outputs are not associated with higher informativeness of revisions bundled for multiple firms." @default.
• W4384129507 created "2023-07-14" @default.
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• W4384129507 date "2023-07-25" @default.
• W4384129507 modified "2023-09-26" @default.
• W4384129507 title "Financial analysts' bundling across firms: Target prices and stock recommendations" @default.
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• W4384129507 doi "https://doi.org/10.1111/jfir.12348" @default.
• W4384129507 hasPublicationYear "2023" @default.
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