The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a gain. In afternoon trade, the benchmark index is up 0.25% to 7,259.2 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
Nanosonics Ltd (ASX: NAN)
The Nanosonics share price is up almost 9% to $4.53. This appears to have been driven by a broker note out of Ord Minnett. According to the note, the broker has upgraded the infection prevention company's shares to a hold rating with an improved price target of $4.00. Its analysts believe the company is well-placed to beat its sales guidance in FY 2023 following a strong start to the financial year.
Nick Scali Limited (ASX: NCK)
The Nick Scali share price is up 7.5% to $11.00. In response to yesterday's trading update at the furniture retailer's annual general meeting, analysts at Citi have retained their buy rating and lifted their price target to $15.83. Citi notes that Nick Scali is performing notably better in FY 2023 than it was expecting.
NRW Holdings Limited (ASX: NWH)
The NRW share price is up 2% to $2.61. This morning the contract services provider announced that it has been awarded a contract for drill and blast services at the Greenbushes Mine in Western Australia. Management estimates that the seven-year (plus two-year option) contract is valued at $300 million over the initial period. It is scheduled to commence in July 2023.
Tyro Payments Ltd (ASX: TYR)
The Tyro share price is up over 6% to $1.58. This may have been driven by a broker note out of Morgans this morning. According to the note, the broker has retained its add rating and lifted its price target on the payments company's shares to $2.05. Morgans notes that Tyro lifted its guidance to the top end of its target range at its annual general meeting.
