When sell-side analysts refuse to admit they’re wrong

Comments (0) | 19 Aug 2011 | Rating | Print by Erik Sherman

Research shows analysts whose forecasts are off consensus in the wrong direction are more likely to dig their heels in

People are supposed to learn from their mistakes. But often that's not true, particularly in the world of sell-side analysts, according to some new research. The study suggests that when analysts make blatantly bad calls, they get their backs up and become entrenched in their opinions.

John Beshears, assistant ...

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