This seldom happens, but we missed Deutsche Bank's downgrade of Orora (ORA) on Friday, which has been updated since. The result is, however, this downgrade is not as yet reflected in the overview of the week's upgrades and downgrades.
Total downgrades for the week ending Friday, 13th July 2018 (how fitting!) stand at 16 versus eight upgrades. Clearly, the buoyant mood in the Australian share market is being met with the usual opposite response from stockbroking analysts.
Commodities stocks feature prominently on the positive side, with Western Areas receiving two upgrades (only one to Buy) as nickel price forecasts continue to rise. Independence Group and Origin Energy also received upgrades during the week.