Salient to Investors:
Roger Loh of SingaporeManagementUniversity and René Stulz of Ohio State found that analysts’ upgrades and downgrades from 1993 to 2011 had a greater probability of influencing a stock when market conditions are bad.
Read the full article at http://www.businessweek.com/articles/2014-01-16/analyst-calls-matter-under-these-market-conditions#r=lr-sr
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