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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Sell-side analysts have continued to issue more downgrades than upgrades for ASX-listed stocks.
It has been a quiet week for stockbroker upgrades and downgrades, with three of each so far this week.
Activity among stockbroking analysts has taken a massive step back now that the February reporting season is over and dealt with.
Stockbrokers have downgraded 7 stocks and upgraded 6 so far this week.
For the week ending Friday 1 March, FNArena counted 25 downgrades versus seven upgrades.
Downgrades have continued to outnumber upgrades so far this week, with Appen receiving two downgrades by stockbrokers.