Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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The Australian share market has taken a breather from the strong rally off the 4400 sell-off low point and stockbroking recommendations are finding an equilibrium between downgrades and upgrades for individual ASX-listed entities.

For the week ending Friday, 24th April 2020 FNArena registered 15 upgrades and 17 downgrades, confirming a slight bias towards downgrades is creeping into the market as stocks made up for previously lost ground.

Total Buy recommendations for the seven stockbrokers monitored daily now sits at 49.45%, with 41.45% in Neutral/Holds and the remaining 9.09% in Sell ratings.

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