S&P/ASX 200 Index (ASX: XJO) shares fell 1.3% last week as the war in Iran dragged on and tax changes announced in the Federal Budget spooked investors.
The ASX 200 is in the red for 2026, down 1.1%, as the oil shock continues to push up inflation and the likelihood of interest rate rises.
Meanwhile, let's check out three ASX 200 shares with new ratings from the experts.
Image source: Getty Images
Catapult Sports Ltd (ASX: CAT)
The Catapult Sports share price slumped 11.5% last week to close at $2.94 on Friday.
Bell Potter kept its buy rating on this ASX 300 tech share but lowered its 12-month price target from $4.75 to $4.50 last week.
Catapult will release its full-year FY26 results on Wednesday.
The broker said it was particularly keen to find out if Catapult had achieved its guidance of 50% growth in management EBITDA.
In a note, Bell Potter said:
Catapult remains our key pick in the tech sector amongst mid cap stocks outside the S&P/ASX 100 index.
We see little risk of AI disruption for the stock given its extensive proprietary data, multiple product platform and the hardware component to its solutions.
Worley Ltd (ASX: WOR)
The Worley share price lifted 2.9% last week to close at $12.50 on Friday.
Morgans maintained its hold rating on Worley shares after the company's Investor Day last week.
Worley announced another share buyback of up to $300 million, following the completion of a $500 million buyback.
Morgans said:
WOR hosted an investor day outlining its medium-term ambitions to deliver double-digit EBITA CAGR through to FY30.
Central to this plan is pursuing a full delivery project model as WOR looks to capture more of the value chain by performing construction work.
Looking ahead, WOR should see some medium-term support from Middle East repair activity and a broader uplift in global upstream hydrocarbon spending driven by renewed energy security concerns.
However, consensus already embeds strong growth into FY27, and risks persist, including project concentration and execution risk associated with larger EPC work.
The broker raised its 12-month price target from $11.60 to $11.80.
This implies a 6% fall over the next year for the ASX 200 industrials share.
Commonwealth Bank of Australia (ASX: CBA)
The CBA share price fell 9.4% last week to finish at $159.40 on Friday.
Last Wednesday, CBA shares endured their worst day in history, falling 10.2%, after the bank released its 3Q FY26 update.
On top of that, major changes to negative gearing and capital gains tax (CGT) for investments were announced the night before.
That news hit CBA shares hard given the bank has the largest investor loan book.
Experts say the changes may dissuade property investment, which would hit all of the banks given their reliance on residential lending.
Morgan Stanley analyst Richard Wiles said (courtesy smh.com.au):
In our view, favourable tax treatment is one of the reasons why there has been a 30-year housing 'super-cycle' in Australia.
However, changes to property-related tax concessions could have a profound effect on the long-term demand for investment properties.
Morgan Stanley reiterated its sell call on CBA shares with a slightly lowered target of $130.
This suggests a potential 18% fall from here.
