On March 28th, entering the annual report season, securities analysts quickly tracked the latest financial data of listed companies and adjusted their ratings accordingly. Data shows that at least 15 stocks have had their ratings adjusted by analysts in the past 7 days (March 21st to March 27th). On the one hand, the improvement of performance and the reversal of difficulties are common reasons for many stock ratings being upgraded, such as the simultaneous upgrade of ratings by China International Capital Corporation and Bank of China Securities for Kingdee Group. On the other hand, multiple consumer stocks have had their ratings downgraded, mainly due to lower than expected performance or declining profits. In addition, one stock has also been downgraded due to “excessive gains”.
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