3 ASX 200 shares just upgraded by brokers

The ASX 200 has opened in the green amid broker upgrades to three stocks.

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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.

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.

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 positions in Macquarie Group and REA Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, JPMorgan Chase, Macquarie Group, and REA Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended REA Group. 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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