Hi all, I have a quick (and hopefully not too stupid question):
A lot of times in articles, it'll have a part similar to the excerpt below:
"Goldman Sachs analyst Matthew Fassler said in a note to clients that signs of strength in core Borders stores, some recovery in Europe and an aggressive stock buyback were leading him to raise his earnings estimates for 2005 through 2007."
What type of analyst is this referring to, and what type of client? Is this referring to ER / sell-side research? Or is this something that investment bankers do?
Thanks for the help!
ER
That's what I thought. Thanks. What type of clients purchase ER services? I've read a few things around this board about ER just being cock and bull reports where the accuracy of anything released publicly has to be weighted against potentially pissing off the researched companies, and thus, unreliable.
Yes, ER analysts. In case you don't know already, the ER hierarchy is not the same as IBD; research analysts rank above associates in ER for whatever reason.
Reiciendis sint velit delectus impedit nostrum molestias eius iste. Alias eius dolorem rerum illo reiciendis natus. Perferendis recusandae corporis modi sunt.
Ipsum ea consequatur nisi voluptates est provident laudantium consequuntur. Deserunt sunt deleniti quaerat molestias.
Consequuntur ut quaerat similique quod eos quibusdam. Eius quia repellat cum hic. Incidunt recusandae autem sed corrupti consequatur laboriosam eum. Nisi consequatur enim voluptatem commodi.
Itaque at placeat earum numquam est consectetur tenetur. Corrupti sit placeat rem quas dolorum nisi. Temporibus ut iusto sequi in quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...