%0 Journal Article %A Jin-Gil Jeong %A Youngho Lee %A Sandip Mukherji %T An Analysis of Analysts' Projected Gains %D 2008 %R 10.3905/joi.2008.707217 %J The Journal of Investing %P 47-54 %V 17 %N 2 %X The authors find that analysts favor value stocks and prefer low-momentum stocks with high-growth prospects, which have been shown to provide excess returns in conjunction with value strategies. The results suggest that accusing sell-side analysts of chasing price momentum and pushing growth stocks amounts to selling them short.TOPICS: Performance measurement, security analysis and valuation, exchanges/markets/clearinghouses %U https://joi.pm-research.com/content/iijinvest/17/2/47.full.pdf