The final week of the February local reporting season continued to reveal a true frenzy among stockbroking analysts, with FNArena registering 20 upgrades and 14 downgrades for individual ASX-listed entities for the week ending Friday, 2 March 2018.
The week ahead will be considerably quieter representing the traditional lull post an eventful month.
In the good books
ARDENT LEISURE GROUP (AAD) was upgraded to Hold from Lighten by Ord Minnett. B/H/S: 2/4/1. First half results were significantly below forecasts, largely related to one-off charges in theme parks. Ord Minnett is encouraged by the trends in theme parks and Main Event, with some early signs that the turnaround effort is working. The broker upgrades to Hold from Lighten based on valuation. Target is raised to $1.95 from $1.73.