Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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Further adding to the somewhat lopsided picture is that only three of the upgrades moved to Buy with five upgrades stopping at Hold/Neutral. The three fresh Buy rating all came from stockbroker Morgans and went to Costa Group, Genex Power and OZ Minerals.

Vocus Group was the sole recipient of two upgrades during the week, after the company received take-over interest. Both upgrades moved to Neutral. Then again, only five out of the 17 downgrades moved to Sell. BlueScope Steel received two downgrades, of which one to Sell, and so did QBE Insurance, with both downgrades moving to Neutral.

With exception of Vocus Group, not much is happening with positive revisions to valuations and price targets. There's only a bit more action on the negative side where BlueScope Steel, Domino's Pizza and GUD Holdings might be worth investor attention.

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