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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Roman Kharitonov
Analysis of Efficiency of Stock Analytics
2018
This paper examines whether sell-side analysts are efficient in producing their investment recommendations, and whether investors can achieve higher returns using stock recommendations by sell-side analysts of large investment banks and brokerage houses. The study covers 130,000 of U.S. stock recommendations published from 2001 to 2017 and aggregated to consensus. The main conclusion of this work is that stock analysts' are not efficient in selecting outperforming and underperforming securities.

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