Question: The reason analyst recommendations are often more optimistic than warranted by an objective analysts of a firm's prospects include the following EXCEPT No worries, learning

The reason analyst recommendations are often more optimistic than warranted by an objective analysts of a firm's prospects include the following EXCEPT
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1
many analysts fail to grasp the gravity of the problems facing a company.
"sell" recommendations generate lower commissions than buy recommendations.
3
the films for which analysts work may have lucrative investment banking relationships with the firm.
analysts often pressured by their superiors to overlook negative information or tone down their criticisms of the firms they analyze.

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