Analysts at local stockbrokerages have gone quiet in the lead-up to the August reporting season. Quieter than usual (we're not sure what it means).
The tally for recommendation upgrades and downgrades for the week ending July 31, 2015 still rose to 18 changes, equally divided over the two. This means the eight stockbrokers in the FNArena universe continue to rate more stocks as Buy (or equivalent) than Neutral, albeit only just.
Most changes on the negative side (no matter whether it's the rating, target or forecasts), relate to mining and energy. The few non-resources stocks that managed to obtain a presence by the end of the week include APA Group, Macquarie Group, GUD Holding and News Corp.