Buy, Sell, Hold – what the brokers say

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While there were many more downgrades than upgrades, the common theme was that some stocks are fully priced and that there is not much blue sky left. One of the stars of 2014, Orora, suffered three downgrades – despite beating brokers’ forecasts!

There were some misses on earnings – with Bluescope Steel, Fleetwood Corporation, Mermaid Marine and Pacific Brands earning a downgrade following a disappointing report.

On the flipside, IOOF, M2 Telecommunications and Qube earned upgrades following their reports.

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