From what I understand, it doesn't matter so much if an analyst's forecasts are wrong, so long as they keep their bank's high-touch clients in the loop with ven

From what I understand, it doesn't matter so much if an analyst's forecasts are wrong, so long as they keep their bank's high-touch clients in the loop with vendors (trade commissions). Clients value this kind 'soft' information more than they would over some dodgy EPS figure.