As earnings season draws to a close, analysts seem already to be on holidays, with just a handful of actions so far this week. Downgrades outnumber upgrades but, as ever, analysts are conflicted, with at least one company, James Hardie, getting both.
In the good books
Credit Suisse upgraded Beach Energy (BPT) to Outperform from Neutral.
Beach has leverage to the rising prices for east coast gas, without the exposure to the downside of the export LNG projects. The company also has a quality oil business in the Western Flank.