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Impact of Analyst Recommendations on Stock Returns Evidence from the German stock market Michael Sou ek Thomas Wasserek European University Viadrina Frankfurt Oder Department of Business Administration and Economics Discussion Paper No. 358 September 2014 ISSN 1860 0921 a Gro e Scharrnstra e 59 15230 Frankfurt Oder Germany Email soucek europa-uni. de b Abstract The purpose of this article is to examine the impact of analysts recommendation downgrades upgrades and reiterations on German stock...

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