As corporate activity begins to wind down for 2019, the week ending Friday the Thirteenth of December brought four upgrades and seven downgrades from FNArena database brokers. Of the upgrades, two went to Buy and two to Hold, while three downgrades went to Sell and four to Hold.
Evolution Mining and Magellan Financial were both upgraded to Hold on valuation, while Iluka Resources, Rio Tinto and Sydney Airport were all downgraded to Hold on valuation.
Metcash managed to top the earnings increase table with 26.5% after delivering an earnings result that was not as bad as feared in the underlying business. OceanaGold (OGC) followed with 11.1%.