The February reporting season in Australia has quite unexpectedly provided investors with a lot to think about. And we're only one week into the season.
Wall Street is correcting, pushing local equities into a whirlwind of day-to-day volatility. Against this background, stockbroking analysts seem busier than usual in issuing upgrades and downgrades for ASX-listed entities. L
For the week ending Friday, 9th February 2018, FNArena registered no less than 21 upgrades in broker recommendations and 18 downgrades. If investors draw from this the conclusion that local reporting season has been more of a mixed bag thus far, despite robust expectations, they are correct.