Rudi Filapek-Vandyck has been a journalist for nearly three decades, of which nearly two decades has been in finance. After successfully establishing a leading financial news service in Europe, Rudi moved to Australia where he founded FNArena, an online service dedicated to providing independent and unbiased market analysis. He has also develope...View more >
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Brokers upgraded more stocks last week, with two upgrades for Myer and one for Ansell Limited.
It was another restful week for the analysts, with just a few movements, including an upgrade for mineral resource company Orocobre.
As reporting season draws to a close, Cabcharge and News Corp get upgrades.
Downgrades still outnumber upgrades, but many of the downgrades are based on valuation. Afterpay Touch and Coca-Cola were upgraded.
Hold onto your hats, this must be a record number of movements by brokers. Upgrades of note include Computershare and Wesfarmers.
Local reporting season a bit flat with more downgrades than upgrades. Tabcorp was one of the lucky few to get an upgrade.