3 ASX All Ords shares just upgraded by top brokers

These three ASX All Ords shares just got upgraded by leading brokers.

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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.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PointsBet. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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