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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Week three of the domestic February corporate reporting season saw the deluge in recommendation downgrades continue.
8 companies have been upgraded this week and 13 downgraded, with Blackmores (BKL) and Link Administration (LNK) sitting in both camps.
FNArena counted 36 downgrades last week, only offset by 10 upgrades.
Brokers have downgraded 12 companies and upgraded 5 this week, including two upgrades and a downgrade for Aurizon Holdings.
There was a lot more action on the downgrades side last week.
Analysts have downgraded 11 companies and upgraded 5.