News headlines often evoke sentiment by intentionally portraying entities in particular ways, making targeted sentiment analysis (TSA) of headlines a worthwhile but difficult task. Due to its subjectivity, creating TSA datasets can involve various annotation paradigms, from descriptive to prescriptive, either encouraging or limiting subjectivity. LLMs are a good fit for TSA due to their broad linguistic and world knowledge and in-context learning abilities, yet their performance depends on prompt design. In this paper, we compare the accuracy of state-of-the-art LLMs and fine-tuned encoder models for TSA of news headlines using descriptive and prescriptive datasets across several languages. Exploring the descriptive–prescriptive continuum, we analyze how performance is affected by prompt prescriptiveness, ranging from plain zero-shot to elaborate few-shot prompts. Finally, we evaluate the ability of LLMs to quantify uncertainty via calibration error and comparison to human label variation. We find that LLMs outperform fine-tuned encoders on descriptive datasets, while calibration and F1-score generally improve with increased prescriptiveness, yet the optimal level varies.

Sentiment analysis is often used to examine how different actors are portrayed in the media, and analysis of news headlines is of particular interest due to their attention-grabbing role. We address the task of entity-level sentiment analysis from Croatian news headlines. We frame the task as targeted sentiment analysis (TSA), explicitly differentiating between sentiment toward a named entity and the overall tone of the headline. We describe SToNe, a new dataset for this task with sentiment and tone labels. We implement several neural benchmark models, utilizing single- and multi-task training, and show that TSA can benefit from tone information. Finally, we gauge the difficulty of this task by leveraging dataset cartography.