Five ASX All Ords shares could be helping to boost the All Ordinaries Index (ASX: XAO) in the days and months ahead.
That's according to leading brokers, who've just upgraded their outlook for the five stocks, all of which operate in distinctly different sectors (courtesy of The Australian).
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These ASX All Ords shares just got an upgrade
Up first, we have Aristocrat Leisure Limited (ASX: ALL).
CLSA raised the gaming technology company's stock to a 'buy' with a $44.90 price target.
The ASX All Ords share is up 0.8% in intraday trading today at $38.53. That implies a potential further upside of 16.5% for the stock.
With a strong growth outlook for its digital gaming businesses, the Aristocrat Leisure share price has soared 25% year to date.
The second ASX All Ords share receiving a broker upgrade is Pacific Smiles Group Limited (ASX: PSQ).
Wilsons boosted the dental centre operator's stock to an 'overweight' rating with a $1.66 price target.
The Pacific Smiles share price is up 2.6% at the time of writing, at $1.55 per share. That implies a potential 7% gain ahead yet from here.
Despite a positive earnings growth outlook, the Pacific Smiles share price is flat in 2023.
Also getting a broker upgrade this week is PWR Holdings (ASX: PWH).
Evans & Partners lifted its rating for the automotive cooling solutions company's stock to 'positive'. Shares are up 2.3% in early afternoon trade today, at $9.02 apiece.
With some potential earnings growth ahead, this ASX All Ords share may yet be able to shake off its 18% year-to-date losses.
Rounding off the list of broker upgrades
Rounding off the list, the fourth stock that's just received a broker upgrade is Smartpay Holdings Limited (ASX: SMP)
Bell Potter started the payment solutions provider's stock at a 'buy' with a $2.16 price target.
The Smartpay share price is down 1.9% today at $1.75 a share. That implies a potential 23.4% upside for this ASX All Ords share.
This will come as welcome news to shareholders, who've already enjoyed a 74% lift in the Smartpay share price in 2023. And the stock is up a whopping 186% over 12 months.
Which brings us to the fifth company getting a broker upgrade this week, Transurban Group (ASX: TCL).
Citi has raised its rating on the toll road operator and developer's stock to a 'buy' with a $16.20 price target.
Transurban shares are down 0.3% today, trading for $14.07 apiece. That implies a potential upside of 15.1% for this ASX All Ords share.
The Transurban share price is up 10% in 2023.
