Buy, Sell, Hold – what the brokers say

Founder of FNArena
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Brokers were particularly active on the down side of the ledger last week – 27 downgrades versus 12 upgrades – on the back of three major themes: resources stocks experiencing yet another downgrade cycle (investors will be hoping this is the final wash-out); the stand out performers that are believed to becoming too expensive; and finally knee-jerk responses to companies issuing profit downgrades.

On the upgrade side, the main theme appears to be that certain stocks have become too cheaply priced and yes, that also includes resources and mining services providers.

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