Aconex surprise downgrade of 2017 revenue guidance catches researchers by surprise

What do you do when you write a glowing report and upgrade a stock, only to be caught out the next day when the company announces a downgrade to full year revenue? Aconex’s surprise 30% downgrade of revenue caught many by surprise, particularly Morgan Stanley. Meanwhile, Bluescope Steel reports higher-than-expected earnings, Estia completes its entitlement offer, and a roundup of latest developments in the agricultural sector – how will it impact on our Top Stock pick Select Harvests?

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