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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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.
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.