Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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Against a background of escalating concerns about the potential economic fall-out from the spreading COVID-19 virus, FNArena's daily monitored seven stockbrokers issued no less than 36 recommendation upgrades for individual listed ASX entities, against twelve downgrades.

The instantaneous result of the large gap between both is that total Buy recommendations for the seven brokers made a giant leap forward, narrowing the gap with Neutral/Hold rating, while total Sell ratings have declined noticeably.

As percentages stand on Friday, 6th March 2020, circa 41% of all ratings now comprises of a Buy, with Neutral/Holds on 44.39% and Sell ratings taking up the remaining 14.5%.

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