How do Analyst Recommendations Respond to Major News?
Has this study been replicated?
The atlas records 1 replication of this study. Recorded outcomes: 1 successful.
Replications
- Analyst Recommendations Respond More Symmetrically to Major News After Regulation FD and the Global Settlement: A Replication and Extension of Conrad, Cornell, Landsman, and Rountree (2006), Chen & Palmon (2022). Outcome recorded: successful.
This paper confirms Conrad et al.'s (2006) pre-2000 evidence that analysts are more likely to revise recommendations after major news and downgrade more often than upgrade their recommendations following major negative news.
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