BABA - Analysts Were Right In 2018: What Are Their Top Picks For 2019?
In late 2017 I published an article based on analyst recommendations and how well those recommendations pan out. The data was based on information compiled by FactSet Research for analyst recommendations as of Dec.31, 2016. The ratings were divided up in quintiles based on the highest percentage of buy ratings for the S&P 500, and, interestingly, the results showed that only the first quintile of ratings - those with the highest percentage of buy ratings — significantly outperformed the others. Besides confirming that analyst recommendations don't amount to much of an indication of how a