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Buy, Hold, Sell – what the brokers say

At a time when geopolitical and macro concerns are weighing on general investor sentiment, stockbroking analysts in Australia are issuing more downgrades than upgrades for ASX-listed entities.

Synlait Milk, Brickworks and TPG Telecom all had sizeable upward adjustments to earnings forecasts, followed by OZ Minerals, OceanaGold and Kathmandu. Alas, downward adjustments for the week look a lot stronger with struggling Myer at the very bottom, followed by Newcrest Mining, Nufarm, then Sigma Healthcare and New Hope Coal.

All in all, it appears that macro will continue dominating the micro and the picture for the latter remains rather ambiguous.