Guide:

The FNArena database tabulates the views of eight major Australian and international stock brokers: BA-Merrill Lynch, CIMB, Citi, Credit Suisse, Deutsche Bank, JP Morgan, Macquarie 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

Period: Monday May 06 to Friday May 10

Total Upgrades: 07
Total Downgrades: 20

Net Ratings Breakdown: Buy 40.26%; Hold 43.40%; Sell 16.33%

The latest quarterly run of reporting slowed a little last week. Financial, property and mining related sectors put out much of the information and were by far the most revised. Yet while miners and associated service providers have been very prominent over the past few weeks in terms of recommendation changes, it was a much slimmer majority than what's been seen over the last couple of weeks, with property and financials also featuring prominently.