In the good books
1. MAGELLAN FINANCIAL GROUP (MFG) was upgraded to Hold from Sell by Ord Minnett.
All fund managers being reviewed by Ord Minnett generated solid absolute returns over the first half to the end of November. Flow momentum remains strong for Magellan Financial and the first half is on track to record the biggest retail inflow for a half year ever. Ord Minnett upgrades to Hold from Sell and raises the target to $50.41 from $49.60.