For the week ending Friday 22 November 2019 FNArena counted nine upgrades for ASX-listed stocks versus ten downgrades from the seven leading stockbrokerages monitored daily. Coca-Cola Amatil received two upgrades to Neutral during the week while BlueScope Steel was downgraded twice, with only one downgrade moving to Sell.
Four of the nine upgrades stopped at Neutral, while three out of the ten downgrades mark a fresh Sell ratings. The two other receivers are Domino's Pizza and Volpara Health.
Remarkably, the top three of the week's table for positive earnings revisions is made up of popular high growth companies Aristocrat Leisure, TechnologyOne and Afterpay Touch. The first two released FY19 financials. Alas, as is so often the case, the table for negative revisions continues to display the larger adjustments.