S&P/ASX 300 (ASX: XKO) shares opened stronger amid various broker updates today.
ASX 300 shares are currently up 0.21% at the time of writing.
Let's see what's news with the ASX experts.
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Brokers alter ratings on this trio of ASX 300 shares
According to The Australian, analysts are split on the virtue of investing in the Australian share market operator ASX Ltd (ASX: ASX) today.
This follows the company releasing an update at its investor day yesterday.
At the event, ASX management increased its cost guidance and lowered its dividend payout ratio for FY24.
Despite this, investment group CSLA has raised its rating on ASX shares to accumulate with a $65.50 price target.
ASX shares are trading at $61.12 at the time of writing, implying a potential upside of 7% for new investors who buy today.
However, other brokers have turned on the stock.
UBS has cut ASX shares to a sell rating with a 16% target price reduction to $59. Jarden Securities has cut its rating to neutral with a $64.85 price target.
Morgan Stanley has cut its price target by 36% to $62.40. Citi has also cut its price target on ASX shares by 9% to $64.
Turning to ASX 300 healthcare shares, Shaw and Partners has raised its rating on Sigma Healthcare Ltd (ASX: SIG) shares to a buy.
This follows the stock's 22% surge yesterday after the pharmacy operator and supplier announced a new $3 billion deal with Chemist Warehouse.
The companies also renewed a contract that was generating approximately $1 billion in sales for Sigma.
As part of the deal, Chemist Warehouse will receive a 10.7% stake in Sigma Health.
Sigma Health shares are up another 1.55% this morning to 78.7 cents.
In other news, Jarden Securities has raised its rating on ASX 300 travel share Webjet Limited (ASX: WEB) to overweight.
Webjet shares also opened stronger but slipped back to trade even at the time of writing at $7.22 a share.
Conversely, First Sentier appears to believe it's time to reduce Webjet shares.
A change in substantial holding notice posted yesterday shows the investment group reduced its stake in the online travel agency from 12.78% to 11.73% last Friday.
