If you are hunting for new portfolio additions, then it could pay to listen to what Morgans is saying about the ASX 200 shares in this article.
Here's what the broker is recommending investors do with these shares:
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Collins Foods Ltd (ASX: CKF)
Morgans is a big fan of this KFC-focused quick service restaurant operator and thinks it could deliver good returns for investors.
Particularly given its strong start to FY 2026. It explains:
CKF's AGM trading update was stronger than expected, with improving sales growth seen across all regions. FY26 guidance was reiterated for low to mid-teens underlying NPAT growth. The stronger than expected 1H26 trading update confirms that guidance is likely conservative. It also includes Taco Bell losses (planned exit in FY26). Improving sales growth is being delivered through product innovation and strong execution. With a domestic consumer recovery still largely yet to play out, we see further upside from here.
Morgans has a buy rating and $12.20 price target on its shares. This suggests that upside of over 15% is possible from current levels.
Orica Ltd (ASX: ORI)
Another ASX 200 share that Morgans has been looking at its commercial explosives company Orica.
It notes that the company released a trading update this month which was better than expected. As a result, it expects another year of strong earnings growth. It said:
ORI's trading update was slightly stronger than we expected. ORI is on track to deliver another year of strong earnings growth, improved margins and returns. We have made minor upgrades to our forecasts. With leverage to attractive industry fundamentals, market leading positions, strong earnings growth, proven management team and strong balance sheet, we reiterate our BUY rating with a new price target of A$24.76.
As mentioned above, Morgans has a buy rating and $24.76 price target on its shares. This implies potential upside of approximately 18% for investors.
Regis Resources Ltd (ASX: RRL)
Finally, this gold miner could be one way to gain exposure to the sky-high price of the precious metal.
The broker recently increased its valuation to account for higher spot prices. It said:
We have updated our model and valuation for RRL following our updated gold price deck. Following the material increase in spot gold prices we have updated our spot price scenario assumption to US$3,250/oz (previously US$3,000/oz). We maintain our ACCUMULATE rating, increasing our target price to A$5.80ps (previously A$5.00ps) – increase a function of updated our spot scenario assumptions.
Morgans has an accumulate rating and $5.80 price target. This suggests that upside of approximately 14% is possible.
