Broker reports are provided by the research departments of certain brokerage firms, which can be easily accessed by their clients and other investment publications. These reports are usually prepared by the analysts of these firms and other market strategists. As far as good research is concerned, it can be very critical and hence, brokerage reports, followed by thorough research, can prove quite beneficial in the long run. After all, what can be more authentic than good research conducted by the experts of a million-dollar research department?
A good brokerage report can be considered as the one which has analysts’ recommendations prepared by a bunch of professional individuals, who truly understands the value of the company along with its stock as they need to analyse and compare company reports every day. Apart from this, the analysts working on preparing the brokerage report must have access to a myriad of information at their disposal along with comprehensive data of historical facts, which they can use to make informed decisions.
P.S. : You can get a buffet of brokerage reports in the market, claiming it to be the ‘best broker research report’! In such circumstances, one must analyse the historical evidence mentioned in those broker research reports. In the age of Google, wherein anything & everything can be searched just with a single click, one must go through the history of broker recommendations and also, cross-check as to how it has fared in a statistical sense.