Each sell side voter and firm has its own investing philosophy. Naturally, during voting season, they have different reasons for giving an analyst a vote. These may be:
1. Making a good call for buying or selling a stock
2. Having insights into their industry or stocks
3. Taking the trouble to meet with them personally (This applies especially for clients not in New York, Boston, California or London.)
4. Having an interesting/fresh investment thesis
5. Sponsoring access with corporate management via a conference, field trip or roadshow
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