If you have been reading my posts long enough then you know what my opinion is of analysts’ top stock picks (hint – they are useless). Brett Arends’ recent article highlights his recent limited research on the value of analysts’ Buy and Sell ratings and concludes, as many have before him, that the ratings have no value despite the amount of effort consumed industry-wide to prepare them. Oddly, at the end of the article Arends presents a list of Wall Street’s top stock picks.
FJP
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