
How This Canadian Small Cap Stock Turned Into a Multi-Bagger
The Canadian Investor
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Unpacking Sell-Side Research Biases
This chapter explores the complexities and conflicts of interest inherent in sell-side research, particularly how analyst ratings and price targets can be influenced by corporate relationships. It highlights the tendency of sell-side analysts to issue overly positive recommendations, drawing from statistics to support the claim that these analyses often lack objectivity. Furthermore, the chapter emphasizes the importance of skepticism regarding analysts' predictions, urging investors to be cautious when relying on their assessments for decision-making.
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