Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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Due to the close relationship between share price valuations and stockbroker ratings, it should be no surprise that as the local share market continues to power on, more downgrades than upgrades colour the overall activity among sell-side analysts.

For the week ending Friday 14 June 2019, FNArena registered three upgrades for individual ASX-listed entities (of which two moved to Buy) against six downgrades.

As the background of the Australian share market's continued push higher is also coloured with profit warnings by operationally-challenged domestic businesses, it should also not surprise the week's overview for amendments to valuations and price targets, and to earnings forecasts are equally skewed towards negative adjustments.

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