2 ASX 200 shares just upgraded by brokers (one with 41% upside)

The ASX 200 has opened lower amid broker upgrades on a retail stock and biotech share.

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S&P/ASX 200 Index (ASX: XJO) shares are trading lower on Wednesday, down 0.28% to 7,293 points.

Meantime, these two companies have received broker upgrades, as reported in The Australian today.

Let's take a look.

Polynovo shares a buy with 41% upside: Morgans

Our first ASX 200 company upgraded today is ASX 200 biotech share Polynovo Ltd (ASX: PNV).

Morgans has an add rating on Polynovo with a 12-month share price target of $1.88.

The Polynovo share price is currently $1.33, down 1.33%.

So, Morgans reckons there's a potential 41% upside for ASX investors who buy Polynovo shares today.

JP Morgan raises JB H-Fi shares to overweight rating

Our next ASX 200 company receiving a broker upgrade today is JB Hi-Fi Limited (ASX: JBH).

JP Morgan has raised its rating on the ASX 200 retail share to one of the highest possible — overweight.

The JB Hi-Fi share price is currently $45.70, down 0.26%.

JP Morgan has a 12-month share price target of $52, implying a potential 13.8% upside for ASX investors who buy JB Hi-Fi stock today.

HSBC Holdings 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 Goldman Sachs Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended HSBC Holdings. 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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