ASX cut to Hold
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- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
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Last week's upgrade of ASX – at only 12c below our new Buy price – was never likely to last long in current market conditions, but hopefully a few members have been able to take advantage of the opportunity. With the stock now about 4% above the $50 Buy price, though, we're downgrading to HOLD.
Note: The Intelligent Investor Growth and Equity Income portfolios own shares in ASX. You can find out about investing directly in Intelligent Investor portfolios by clicking here.
Disclosure: The author owns shares in ASX.
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