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. The earliest on record is from 2022.
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). Critical Finance Review. 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.
Outcome read from the abstract. View paper
Cite this record
Conrad, J. S., Cornell, B., Landsman, W. R., & Rountree, B. R. (2002). How do Analyst Recommendations Respond to Major News? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.305167
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