Most of the action among securities analysts, so it seems, is about deciding which share price movement triggers a downgrade or upgrade in rating. The share market itself has been hesitating about which direction next, but underneath some of the volatility that has risen to the surface lately might be explained by some of the analysts' decisions.
For the week ending Friday 22 March, FNArena registered 7 upgrades for individual ASX-listed entities, and 11 downgrades.
Worth pointing out: many of the upgrades have a whiff of "surely this share price cannot stay this low (or lower) forever" to it. Car leasing has two representatives through SG Fleet and EclipX Group among the week's upgrades. Only two upgrades did not move past Hold/Neutral.