It is quiet in the land of stockbroking analyst where attention is increasingly shifting towards the upcoming August reporting season.
With the local share market moving ever higher, destined to revisit the all-time high from 2007, it is no surprise that when it comes to recommendations for individual ASX-listed entities, the balance remains heavily weighted towards downgrades.
For the week ending Friday 5 July 2019, FNArena registered 5 upgrades, of which only 2 moved to Buy, and 10 downgrades. Only 3 of the downgrades moved to Sell with Independence Group, Origin Energy and Netwealth the unlucky receivers. Independence Group also received a second downgrade which ended on Neutral.