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4 ASX 200 stocks just upgraded by top brokers

Which four ASX 200 companies have caught the experts' attention?

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Bronwyn Allen
Bronwyn has 28 years of experience in journalism, copywriting, and media relations. She began her career as a reporter with News Corporation in Sydney in 1997. She later worked for two real estate corporations in communications and PR roles, then started her own freelance copywriting and publicity business. A keen shares investor, Bronwyn joined the Motley Fool Australia team as a copy editor and writer in June 2021.
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Key points
  • The ASX 200 is in the green on Thursday amid broker upgrades to four stocks
  • JP Morgan thinks the Medibank share price can rise 7% over the next 12 months
  • CLSA likes ASX 200 lithium miner Mineral Resources and predicts more than 11% growth 

S&P/ASX 200 Index (ASX: XJO) stocks are up 0.74% amid broker upgrades to four companies today.

As reported in The Australian, these ASX 200 stocks are attracting the experts' attention.

Let's take a look.

A team of people giving the thumbs up sign.

Image source: Getty Images

Medibank share price to rise 7% in 12 months, says JPM

The Medibank Private Ltd (ASX: MPL) share price is up 2.02% today to $3.54 amid a leadership update from the private health insurer.

JP Morgan has raised its rating on Medibank shares to overweight with a price target of $3.80. This implies a potential 7.3% upside on today's share price.

The Medibank share price is up 21.65% in the year to date.

Buy more Mineral Resources shares, says CLSA

Our next broker upgrade among ASX 200 stocks is for diversified miner Mineral Resources Ltd (ASX: MIN).

The Mineral Resources share price is currently $73.98, up 0.22%.

CLSA has upped its rating to accumulate with an $82 share price target. This implies a potential 10.8% upside on today's share price.

The company released its fourth-quarter update yesterday.

Mineral Resources shares are down 1.5% in the year to date.

Beach Energy shares raised to 'positive'

The Beach Energy Ltd (ASX: BPT) share price is down 0.31% to $1.63 at the time of writing.

Evans & Partners has raised its rating to positive; however, Citi has cut its rating to neutral.

Citi has placed a 12-month share price target of $1.65 on the ASX 200 energy stock. The broker sees very little room for growth at this stage.

Beach Energy released its 4Q FY23 update yesterday.

The company revealed a 12% quarter-on-quarter increase in production to 5MMboe. This took its production to 19.5 MMboe in FY23 with full-year revenue of $1,617 million.

Beach Energy shares are up 2.97% in the year to date.

ALS shares are up, but share price already exceeds target

ALS Ltd (ASX: ALQ) shares are up 3.1% to $11.65 per share today.

This means they've already gone beyond Jarden Securities' 12-month share price target of $11.50.

The broker has raised its rating on the ASX 200 stock to neutral.

ALS shares are down 3.32% in the year to date.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen 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 JPMorgan Chase. 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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