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Stocks to watch on the Australian stock exchange:

DOW – DOWNER EDI – up 34 cents, or 5.1 per cent, at $7.07

SPO – SPOTLESS – down one cent, or 0.9 per cent, at $1.10

Engineering group Downer EDI has upgraded its full-year profit guidance after identifying larger-than-expected cost savings as it integrates its 87.8 per cent stake in Spotless.

BEE – BROO – up nine cents, or 30.5 per cent, at 38.5 cents

Shares in Aussie beer maker Broo have hit their highest level in a year following the brewer’s announcement of a $120 million China distribution deal.

CCL – COCA-COLA AMATIL – up 8 cents, or 1.1 per cent, at $7.72

Shares in Coca-Cola Amatil have jumped after Citi analysts upgraded the company to a buy rating, forecasting a stabilisation in earnings from its Australian business and growth potential in Indonesia.