Sell-side analysts fail to adequately adjust stock forecasts after Fed meetings
Summary
When the U.S. Federal Reserve announces a change in its interest rate, consumers expect shifts in borrowing costs elsewhere and potential price adjustments for things like housing and some consumer goods. New research, however, shows that stock market analysts generally give a collective "meh" around the time of Fed meetings when it comes to forecasting how much stocks will trade for in the future, called a price target.
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Sell-side analysts fail to adequately adjust stock forecasts after Fed meetings
When the U.S. Federal Reserve announces a change in its interest rate, consumers expect shifts in borrowing costs elsewhere and potential price adjustments for things like housing and some consumer goods. New research, however, shows that stock market analysts generally give...
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