For the week to Friday, December 6, FNArena registered 12 ratings upgrades from database brokers and only 3 downgrades. Of the 12 upgrades, 9 moved to Buy or equivalent and 3 to Hold, while all 3 downgrades moved to Hold.
One stock — gold miner Northern Stare Resources — saw two upgrades to Buy given a recent pullback in price. Four of the upgrades involved stocks from the energy sector, including three upgrades from Ord Minnett.
Changes to earnings forecasts included a standout 35.7% increase for buy now pay later (BNPL) company Zip Co despite a capital raising, but this is from negative to a bit less negative as Zip remains in the investment phase. More notable was a 11.9% earnings increase for oOh!media after the outdoor advertiser revealed conditions were now not as bad as previously witnessed.