S&P/ASX All Ordinaries Index (ASX: XAO) shares are down 1.14% at lunchtime on Thursday.
In the meantime, top broker Morgan Stanley has just upgraded these two All Ords mining stocks.
Here are the details.
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Deterra shares to go 10% higher
The first All Ords mining stock receiving an upgrade today is Deterra Royalties Ltd (ASX: DRR).
The Deterra Royalties share price is up 2.7% today to $4.95.
It is currently the fastest-rising stock within the ASX 200, despite no news being released by the company.
According to The Australian, Morgan Stanley has raised its rating on Deterra to overweight.
The broker reckons the Deterra share price can go further and has placed a 12-month price target of $5.50 on the stock.
This implies a 10.65% upside for ASX investors who buy the All Ords mining stock today.
29Metals raised to overweight
The second All Ords mining stock favoured by Morgan Stanley today is ASX copper share 29Metals Ltd (ASX: 29M).
The 29Metals share price is currently up 6.92% to 69.5 cents. There is no news from the miner today.
Morgan Stanley has raised its rating to overweight on this stock as well.
A price target was not published.
