Buy, Hold, Sell – what the brokers say

Founder of FNArena
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Securities analysts in Australia are still issuing more recommendation downgrades than upgrades, but at least the gap between the two is narrowing noticeably.

Consensus price targets experienced wild swings, as they tend to do in the midst of reporting season. The good news is that positive swings have been larger, on average, than the negative adjustments, although individual swings have been either cathartic or gut-wrenching at times.

Local reporting season is being replaced with large numbers of stocks going ex-dividend this month.

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