Attention S&P/ASX 200 Index (ASX: XJO) investors: These three stocks could be worth checking out right now. They've each caught the eye of brokers, who have tipped them as buys. Let's take a squiz at the trio of potential winners.
3 ASX 200 stocks upgraded to 'buy' ratings
First out of the gate is the Aussie bourse's biggest participant.
Morgans believes stock in $221 billion iron ore miner BHP Group Ltd (ASX: BHP) could have a bright future, slapping the company with an add rating, my Fool colleague James reports.
It comes on the back of the company's update on the March quarter, wherein its production came in lower than consensus expectations. Though, its full-year guidance remained largely unchanged.
The broker has a $50.40 price target on the BHP share price – a potential 15% upside.
Stock in accounting platform provider Xero Limited (ASX: XRO) has also been the target of a broker upgrade today.
UBS has raised its rating to a buy and slapped it with an improved $109 price target. That represents a potential 17% upside.
The broker is said to have big expectations for the company's free cash flow and growth.
The final share making the list is also the smallest, with a market capitalisation of just $1.7 billion.
Stock in ASX 200 infection prevention company Nanosonics Ltd (ASX: NAN) could be worth looking at, according to William O'Neil. The broker rates the share a new buy, the Australian Financial Review reports.
The Nanosonics share price has been on a roll lately, rising 30% so far this year. That was likely helped by the 167% jump in net profit after tax (NPAT) the company posted for the first half of financial year 2023, coming in at $10.4 million.
