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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For the week ending Friday, 31 January 2020, FNArena registered 12 upgrades versus 16 downgrades.
In a shortened week due to the Australia Day public holiday, stockbrokers have issued 11 downgrades and 6 upgrades for ASX-listed stocks according to FNArena.
Following the big January rally and ahead of the profit reporting seasons, broker analysts have been really busy with 13 companies getting an upgrade and 15 being downgraded.
A rallying stock market led to more downgrades than upgrades by broker analysts last week, with 16 downgrades versus 11 upgrades. QBE was a surprise upgrade.
Woolworths is one of six ASX companies getting an upgrade this week, while stockbroker analysts issue seven downgrades, including Woolies arch rival, Coles.
With many stockbroking analysts yet to return to work, opinion updates were thin on the ground. There were 3 recommendation upgrades and 8 downgrades.