Buy, Sell, Hold – what the brokers say

Founder of FNArena
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Local stock analysts are using the seasonal share market correction in September/October to re-assess and embark on a treasure hunt. In most cases, a weaker share price has reinforced the idea there's value up for grabs and this explains why yet another week saw significantly more upgrades for individual stock ratings, while only a small number of downgrades were issued.

In the good books

James Hardie (JHX) was upgraded to Neutral from Sell by UBS. James Hardie's share price has fallen 20% in the sell-off to below the broker's target, despite the weaker Australian dollar providing a tailwind for earnings and the US housing construction outlook remaining positive. The broker has upgraded earnings forecasts by 2%–6% in FY15-17.

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