For the week ending Friday, 21st September 2018, FNArena registered a total of six upgrades and downgrades. The positive side doesn't reveal one dominating theme other than most upgrades going towards share market laggards, including Rio Tinto, Reliance Worldwide and Primary Healthcare.
Positive earnings estimates adjustments were hefty, with New Hope Corp commanding the week's lead, handsomely beating Perseus Mining, Synlait Milk and Premier Investments. Not so lucky were NextDC, TPG Telecom, Ardent Leisure, Telstra and oOh!media were earnings estimates took a large step backwards.
The share market overall continues to be dominated by international tensions and portfolio rotation into value laggards.