It was a poor month for S&P/ASX All Ords (ASX: XAO) shares in April, with a 2.72% fall.
But analysts think these nine ASX All Ords shares have a bright future ahead.
Market analysts on CommSec upgraded all of them to a strong buy rating last month.
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9 ASX All Ords upgraded to a strong buy rating in April
Suncorp Group Ltd (ASX: SUN)
The consensus rating on Suncorp shares was upgraded to strong buy on 29 April.
The Suncorp share price is currently $16.32, up 0.46%.
Goldman Sachs has a buy rating and a 12-month share price target of $17.54 on the ASX All Ords banking and insurance stock.
The broker says Suncorp is well-positioned for growth in today's buzzing general insurance market. Insurers are benefiting from strong renewal premium increases and higher investment yields.
Silver Lake Resources Ltd (ASX: SLR)
Silver Lake shares were upgraded to strong buy on 26 April.
Today, the ASX All Ords gold share is trading for $1.42, up 3.04%.
A strong gold price has pushed many ASX gold stocks higher in recent months. Silver Lake was among the top 5 best performing shares last month.
Australian Unity Office Property Fund (ASX: AOF)
This ASX All Ords real estate share was upgraded to a strong buy rating on 19 April.
Today, the Australian Unity Office Property Fund share price is $1.26, down 1.94%.
Chalice Mining Ltd (ASX: CHN)
Chalice Mining shares were upgraded to strong buy on 19 April.
Today, the Chalice Mining share price is $1.10, down 6.81%.
The ASX All Ords mining share fell 2.02% on Tuesday after the company released an update.
The miner reported $107 million in cash and investments and a $7 million spend in the March quarter, down 55% on the December quarter.
The company also updated its Gonneville Project high-grade sulphide mineral resource estimate to 59Mt @ 2.0g/t 3E2, 0.20% Ni, 0.21% Cu, 0.019% Co.
Macquarie Technology Group Ltd (ASX: MAQ)
Shares in this data centre operator were upgraded to a strong buy rating on 19 April.
Today, the ASX All Ords tech share is $80.27, down 0.86%.
Last month, Macquarie completed an institutional placement to raise $100 million at $72.50 per new share.
Goldman Sachs has a buy rating on the stock with a 12-month share price target of $93.
LGI Ltd (ASX: LGI)
LGI shares were upgraded to strong buy on 18 April.
Today, the landfill gas-to-power generation stock is up 3.45% to $3.00.
The company released a new investor presentation last month.
GUD Holdings Limited (ASX: GUD)
GUD Holdings shares were upgraded to strong buy on 8 April.
Shares in the automotive aftermarket distributor are up 0.20% to $10.22 today.
Bell Potter has a buy rating and a 12-month share price target of $12.80 on GUD.
Hasting Technology Metals Ltd (ASX: HAS)
The consensus rating on Hastings Technology Metals was upgraded to strong buy on 3 April.
Today the ASX All Ords rare earths share is trading at 33 cents, down 2.99%.
The explorer released its quarterly activities report on Tuesday.
A highlight of the March quarter was signing a binding term sheet with Baotou Sky Rock for an integrated processing and offtake arrangement.
Mesoblast Ltd (ASX: MSB)
Mesoblast shares were upgraded to strong buy on 2 April.
Today, the ASX All Ords healthcare share is $1.06, down 4.09%.
Mesoblast released its quarterly update on Tuesday. It reported royalty receipts of US$1.7 million and an operating cash outflow of US$11.6 million for the March quarter.
Mesoblast also announced the exit of chair Joseph R. Swedish, who will be replaced by Jane Bell AM.
Bell Potter has a speculative buy rating on Mesoblast.
The broker recently raised its 12-month share price target to $1.40.
