But 21 percent still feel the quality of sell-side research is declining, finds new study of IROs
Concerns over the quality of analyst coverage persist but are easing, according to new research from Citigate Dewe Rogerson.
A survey of 151 European IR professionals finds 21 percent believe the quality of sell-side research reports has fallen over the last 12 months, down from 26 percent who felt this way in last year’s survey.
At the same time, the number of respondents who think analyst coverage is improving has risen to 17 percent from 14 percent in 2010.
There is a ‘continued, albeit less pronounced, deterioration in the quality of coverage,’ notes Citigate in the study.
The sector least satisfied with the quality of analyst coverage is healthcare. Of the respondents working in this area, 43 percent say the quality has deteriorated.
‘There appear to be fewer analysts with the ability to deliver differentiated/impactful analysis,’ comments one UK-based healthcare IRO in the survey, who complains of ‘lots of analysts churning out news flow’.
Click here to access the full survey, which covers a range of topics including guidance, debt IR and investor targeting.
