In just two days of trading, there have been broker actions on only five stocks, including the Woolworths upgrade by UBS, which we covered on Tuesday. Analysts are certainly taking advantage of the shorter week for a break.
In the good books
Credit Suisse upgraded Alacer Gold (AQG) to Outperform from Underperform. Ahead of the March quarter production numbers, the broker has adjusted sulphide operating expectations, forecasting a higher start-up grade. There are no changes to near-term earnings but a 2017/2018 uplift drives a valuation change.