In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 8,833.2 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
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Breville Group Ltd (ASX: BRG)
The Breville share price is up almost 4% to $30.75. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has upgraded the appliance manufacturer's shares to a buy rating with a $36.05 price target. It said: "We are encouraged by recent positive updates from peers who share key attributes with BRG, including strong new product innovation and geographic expansion (SharkNinja; SN-US), premium brand positioning (KitchenAid / Whirlpool; WHR-US) and growing coffee category exposure (both). We view recent weakness in BRG as an opportunity to build a position in a high-quality, well-managed business, with structural coffee tailwinds. Upgrade to BUY."
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up 2.5% to $12.40. Investors have been buying this travel agent giant's shares following the release of a trading update at its annual general meeting. Flight Centre's managing director, Graham Turner, revealed that the company has started the financial year positively. He said: "FY26 is off to a positive start, with first-quarter results and preliminary October trading data confirming momentum across both corporate and leisure segments." Turner also provided guidance for the full year, revealing that profit before tax is expected to be up 5.5% to 17.6% year on year.
Mineral Resources Ltd (ASX: MIN)
The Mineral Resources share price is up 10% to $51.60. This has been driven by news that the mining and mining services company has signed a $1.2 billion deal with Korean giant POSCO to sell down interests in its lithium mines. Mineral Resources will sell a 30% interest in a new joint venture company, which will hold its interests in the Wodgina and Mt Marion lithium mines in Western Australia.
Strickland Metals Ltd (ASX: STK)
The Strickland Metals share price is up 10% to 18.7 cents. Investors have been bidding this gold explorer's shares higher following the release of a drilling update. Strickland Metals revealed that extensional drilling has delivered its largest-ever intercept. It advised that 700 metres of continuous mineralisation was encountered at the southern end of the Gradina Deposit.
