Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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The final week of April saw the continuation of market optimism, quickly followed up with a severe sell-off on May 1 for the first weekly stand-still in a while.

By then, stockbroking analysts had already responded by issuing more upgrades in recommendations for individual ASX-listed stocks. FNArena counted 20 upgrades versus 17 downgrades for the week.

Stocks popular among the upgrades were Charter Hall Retail REIT and supermarket operator Coles with both receiving two upgrades while the rest of the field is made up predominantly of share market laggards, including banks and property developers and owners.

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