The broker wrap: Coca-Cola, Newcrest and Fortescue upgraded, BHP downgraded

Founder of FNArena
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Equity market strategists at stockbrokers and investment banks have been busy updating their expectations for the Australian share market this year. Without exception, and in-line with renewed market optimism, targets for the ASX200 have been lifted to 5000, or higher.

While this could act as yet more support for the present rally, investors should also keep in mind major indices are rapidly approaching 4900, and it isn’t even February just yet.

As far as ratings for individual stocks are concerned, the week past saw seven stocks receiving upgrades and eight others downgrades.

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