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Analyst Ratings Network, the world’s leading equities
research tracking service, has released its 2012 Top Brokerages report, a
measure that shows which equities research firms have set the most accurate
price targets.

Analyst Ratings Network keeps track of more than 50,000 stock ratings changes every year from
more than 350 different equities research firms. To determine which companies
offered the most accurate price targets, Analyst Ratings Network compared
brokerages’ 12-month price targets set in 2011 with what the actual prices of
the stocks they set price targets on were 12 months later.

Several brokerages consistently guessed prices correctly
within a margin of 10-20% and others were consistently off by a factor of more
than 200%.

These are the ten
brokerages that issued the most accurate price targets:

#1 – Williams Capital (6.7% variance)

#2 – Hillard Lyons (19.5% variance)

#3 – McAdams Wright Ragen (22.9% variance)

#4 – Caris and Company (22.9% variance)

#5 – Guggenheim (24.3% variance)

#6 – Zacks (25.7% variance)

#7 – DA Davidson (26.7% variance)

#8 – Miller Tabak (26.8% variance)

#9 – KeyBanc (28.0% variance)

#10 – Compass Point (28.7% variance)

For more information about the methodology and the data used
to determine which ten brokerages issued the most accurate ratings, view the
full Analyst
Ratings Network Top Brokerages report.

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