RE:Havard law - analyst ownership of stockInteresting article.
I highlight the following:
...We find that 3% of analysts initiated ownership while having a sell recommendation outstanding, and 56% terminated ownership while having a buy recommendation outstanding.....
The entire study is attached. it's interesting that theirs datas are from 2003 to 2012 (the 2016 datas are ''additional datas'') and the tables show that the % decressed regularly from 24% in 2003 to 12% in 2012 showing a pattern in disappeareance.