S&P/ASX 200 Index (ASX: XJO) shares are trading higher on Tuesday, up 0.37% to 7,305.9 points.
Meanwhile, three ASX 200 shares have been upgraded by brokers, as reported in The Australian today.
Let's check them out.
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CLSA tips 27% upside on Beach Energy share price
Our first broker upgrade among ASX 200 shares today is Beach Energy Ltd (ASX: BPT).
Beach Energy shares are down on Tuesday, falling 2.4% to $1.57. This follows an 8% dive yesterday after the company released its full-year FY23 results.
CLSA has raised its rating on the ASX 200 energy share to buy with a $2 price target. This implies a 27% upside on today's price.
However, other brokers are not sharing the love.
Citi has cut Beach Energy to sell with a $1.55 price target.
Goldman Sachs has cut its rating to neutral with a $1.70 price target.
Morgans Financial has cut its rating to hold with a $1.60 price target.
REA share price to rise 12% in 12 months, says Macquarie
The REA Group Ltd (ASX: REA) share price is up 1% to $159.06 in early trading on Tuesday.
Macquarie has raised its rating on the ASX communications share to neutral today, with a 12-month share price target of $178.
This implies a potential 12% upside on the online property advertising company over the next year.
REA released its full-year FY23 results last week, revealing a 9% reduction in net profit to $372 million.
However, this was a tad ahead of expectations and sent the REA share price rising on the day.
ASX 200 REIT share should rise despite 1H FY23 loss
The GPT Group (ASX: GPT) share price is up 2.15% on Tuesday to $4.27 at the time of writing.
Broker JP Morgan thinks the real estate investment trust (REIT) will rise from here. It has raised its rating to overweight with a $4.80 price target on the ASX 200 share.
This implies a potential 12% upside from today's level.
GPT Group announced its half-year FY23 results yesterday. The REIT revealed a net loss after tax of $1.1 million with property valuations down $341.3 million.
However, the REIT said it remains on track to meet its full-year guidance.
We recently revealed the ASX REITs that delivered the best returns over the past three years.
