Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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For the week ending Friday 17 May 2019, FNArena registered only 7 upgrades in recommendations for ASX-listed stocks against 22 downgrades against a background of more disappointments than upward surprises from the local out-of-season results season, and a slew of profit warnings from predominantly small and mid-cap companies.

Only one of the 8 stockbrokers still carries more Buy-rated stocks than either Hold/Neutral or Sell and one wonders whether this can be partially explained by the fact Ord Minnett has 5 ratings for stocks of which two — Buy and Accumulate — are being treated as a 'Buy' in FNArena's data assessment.

In what can only be a positive signal, all 7 upgrades moved to Buy. On the negative side of the week, all of Mayne Pharma, St Barbara, Sydney Airport and Xero received multiple downgrades.

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