Analysts’ Earnings Forecast, Recommendation,and Target Price Revisions

Ronen Feldman; Joshua Livnat; Yuan Zhang

doi:10.3905/jpm.2012.38.3.120

Article

Analysts’ Earnings Forecast, Recommendation,
and Target Price Revisions

Ronen Feldman, Joshua Livnat and Yuan Zhang

The Journal of Portfolio Management Spring 2012, 38 (3) 120-132; DOI: https://doi.org/10.3905/jpm.2012.38.3.120

Ronen Feldman

is an associate professor of information systems in the Data and Text Mining Laboratory at the Jerusalem School of Business Administration, Hebrew University in Jerusalem, Israel.

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For correspondence: ronen.feldman@huji.ac.il

Joshua Livnat

is an Emeritus Professor of Accounting at the NYU Stern School of Business in New York, NY, and a managing director of Quantitative Management Associates in Newark, NJ.

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For correspondence: jlivnat@stern.nyu.edu

Yuan Zhang

is an assistant professor of accounting at the Columbia Business School in New York, NY.

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For correspondence: yz2113@columbia.edu

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The Journal of Portfolio Management

Vol. 38, Issue 3

Spring 2012

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Analysts’ Earnings Forecast, Recommendation,
and Target Price Revisions