The local share market continues to battle downward pressure with Australia's major equities indices still in negative territory for the calendar year to date (excluding dividends).
In the good books
APN OUTDOOR GROUP LIMITED (APO) Upgrade to Add from Hold by Morgans B/H/S: 2/1/0. Morgans has upgraded its forecasts for the second time in a week, to reflect the new guidance for 2015 and also the structural trends that are favouring the outdoor advertising industry. These trends are showing no signs of abating and, after upgrades to forecasts and valuation, Morgans reverts back to an Add rating from Hold. Target is raised to $5.41 from $4.46.