Buy, Hold, Sell — What the Brokers Say

Founder of FNArena
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An interesting dynamic is unfolding inside the Australian share market post October slaughter fest. While price targets and earnings estimates are, on a net basis, falling, stockbroking analysts nevertheless see sufficient value to issue a tsunami of recommendation upgrades, only offset by a small number of downgrades; the latter mostly because corporate market updates do not meet market expectations.

For the week ending Friday 9 November 2018, FNArena registered no less than 26 recommendation upgrades for individual ASX-listed stocks versus only four stocks receiving downgrades, of which Domino's Pizza received two.

The 26 upgrades represent a true potpourri of Australia's corporate variety; from the ASX, to CommBank and Corporate Travel (2x), to CSL, Lovisa, Mineral Resources, QBE Insurance, and Treasury Wine Estates (2x).

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