How Banking Analysts’ Biases Benefit Everyone Except Investors

Wall Street analysts influence markets and companies daily. They release earnings forecasts and investment recommendations moving stock prices and changing investors’ portfolio decisions. These movements in turn generate responses from corporate leaders that make changes in operations, strategies, acquisition, and investment plans. No wonder CEOs and CFOs spend significant amounts of time communicating with the…

http://feeds.harvardbusiness.org/~r/harvardbusiness/~3/opATwXHmJQg/how-banking-analysts-biases-benefit-everyone-except-investors

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