By Mark Woodruff
Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.
Summary
Total Upgrades: 37
Net Ratings Breakdown: Buy 52.08%; Hold 40.26%; Sell 7.66%
For the week ending Friday 19 February, the busiest week by far for corporate earnings reports, there were thirty seven upgrades and twenty six downgrades to ASX-listed companies by brokers in the FNArena database.