At face value, stockbroking analysts have started zooming in on undervalued laggards resulting in, finally, more upgrades being issued than downgrades for individual ASX-listed stocks.
For the week up until Friday 9 August 2019, FNArena counted nine recommendation upgrades versus five downgrades. Most changes on both sides of the ledger ended in Neutral territory.
Only four of the upgrades moved to Buy with Navigator Global Investments (FY19 release), Domino's Pizza, ALS ltd and AP Eagers the lucky receivers. AGL Energy's FY19 report was good for two upgrades and one downgrade. That one downgrade marked the sole fresh Sell rating for the week.