S&P/ASX 200 Index (ASX: XJO) shares are lower on Friday, down 0.22% at 8,599.6 points.
Let's take a look at some new ratings and 12-month price targets for three ASX 200 large-cap shares.
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New ratings on 3 ASX 200 large-cap stocks
Aristocrat Leisure Ltd (ASX: ALL)
Aristocrat is the second-largest ASX 200 consumer discretionary share with a market cap of $36 billion.
The company develops and manufacturers poker machines and digital games.
The Aristocrat share price is $58.04, down 0.26% today and down 15.44% in the year to date.
Morgans has a buy rating on Aristocrat with a 12-month price target of $73.
The broker commented:
Headline numbers were broadly in line with both our and market expectations, though a few soft spots emerged beneath the surface.
Encouragingly, management expects the business to return to its normalised growth range moving forward.
Mineral Resources Ltd (ASX: MIN)
Mineral Resources is the 10th-largest ASX 200 mining share with a market cap of $9.6 billion.
The company mines iron ore and lithium, and offers mining services across Australia, Asia, and internationally.
The Mineral Resources share price is $48.44, up 1% today and up 39.56% in the year to date.
Ord Minnett has a buy rating on Mineral Resources with a price target of $55.
In a recent note, the broker said:
Mineral Resources (MIN) has formed a joint venture with POSCO Holdings for its lithium assets that sees the giant Korean group pay US$765 million ($1.2 billion) cash for a 30% stake in the JV, with the Australian company holding the other 70%.
The purchase price values the Australian company's remaining stakes in the Wodgina and Mt Marion operations at circa $4 billion, versus a consensus valuation of $2.8 billion previously, and implies a long-term spodumene price of circa US$1600 a tonne, comfortably above market expectations centred on US$1240 a tonne.
Coles Group Ltd (ASX: COL)
Coles is the second-largest ASX 200 consumer staples share with a market cap of $30 billion.
The Coles share price is $21.63, down 0.83% on Friday and up 14.57% in the year to date.
Morgans has a hold rating on Coles and recently cut its price target from $23.45 to $22.90.
The broker said:
While Supermarkets momentum remains positive heading into the key Christmas trading period and execution continues to be strong, trading on 23x FY26F PE with a 3.6% yield, we view COL as fully valued.
We would look to reassess our view should the share price weaken further.
