Downgrades still outnumbered upgrades as reporting season chugged along, but many of these were on valuation grounds.
Downgrades have outnumbered upgrades in the first half of the week. CSR was one of the lucky ones to get an upgrade.
Brokers got busy this week, with a double upgrade for REA Group and a triple downgrade for GPT Group
Perpetual has been caught up in the ‘anti-active funds management’ downdraft and could still offer value.
This week, Regis Resources and Seek got upgrades, while Eclipx Group got a double downgrade.
Lendlease Group gets a tick for breaking above its 2007 high last week.