Total downgrades for individual ASX-listed entities continue to outnumber upgrades among the eight stockbrokerages monitored daily by FNArena, even as the share market struggles to advance close to its 2018 peak.
For the week ending Friday 29 March 2019, FNArena counted 7 upgrades being outnumbered by 9 downgrades. Not helping the numbers, gold miner St Barbara received three upgrades during the week, so in terms of individual stocks receiving upgrades and downgrades, the gap is more pronounced than it appears.
In particular, when we consider Sandfire Resources received 2 upgrades during the week. On the opposite end of the ledger, no such double downgrades are present.