Buy, Sell, Hold – what the brokers say

Founder of FNArena
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A significant event last week was the government’s MYEFO (mid-year economic fiscal outlook), which surprised stock analysts by including onerous proposals to slash funding for healthcare diagnostics, and to a lesser extent, to reel in aged care subsidies.

The proposals were surprising given there is a separate Medicare review still underway, which poses further downside risk.

Hiding among the miners in this week’s rating downgrades were a number of healthcare stocks impacted by the changes.

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