Buy, Hold, Sell – what the brokers say

Founder of FNArena
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A hesitant local share market continues to find support from stockbroking analysts who issued more than twice as many upgrades than downgrades last week.

Changes to price targets and valuations remained rather mute, given the February reporting season already has inflicted major amendments to forecasts.

All in all, it appears underlying profit growth forecasts are trending lower, but it's happening at avalanche speed. And the balance in ratings upgrades and downgrades suggests there's still value to be found.

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