The outlook for three ASX All Ords shares just got brighter.
That's according to top brokers.
And it comes on a day when the All Ordinaries Index (ASX: XAO) could use some good news, with the index down 0.3% in afternoon trade.
So, which ASX All Ords shares were just upgraded?
I'm glad you asked!
A boosted outlook for these ASX All Ords shares
The first stock to receive an upgrade is Pointsbet Holdings Ltd (ASX: PBH).
The corporate bookmaker was lifted to a neutral rating by JP Morgan, as reported by The Australian.
Though with a price target of $1.35 on Pointsbet shares, the broker isn't exactly pounding the buy drum on this ASX All Ords share just yet.
At the time of writing, Pointsbet shares are trading for $1.64 apiece. That's 25% above JP Morgan's price target.
If you're looking for a stock with significant potential upside, global investment bank Moelis & Company has a brighter outlook for aged care provider, Regis Healthcare Ltd (ASX: REG).
Moelis lifted the ASX All Ords share to a buy, with a $2.65 price target.
Regis shares are currently trading for $2.18 apiece, implying an almost 22% potential upside.
Which brings us to precious metals miner, Chalice Mining Ltd (ASX: CHN).
JP Morgan has a bullish take on Chalice mining, lifting this ASX All Ords share to an overweight rating.
The broker has a $7.60 price target for the miner's stock. That's more than 12% above the current Chalice Mining share price of $6.77.
