7 ASX shares with strengthened buy ratings this week

Brokers retained a positive view on Tuas, Megaport, Graincorp, and other shares this week.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

S&P/ASX 200 Index (ASX: XJO) shares are 0.5% higher at 8,662.2 points on Friday.

Among the 11 market sectors, materials is in the lead today, up 1%, while utilities is the laggard, down 1%.

Let's take a look at some stocks that have received renewed buy recommendations from the experts this week.

Happy, neutral and sad smiley faces with a finger pointing at the smiling emoji.

Image source: Getty Images

Tuas Ltd (ASX: TUA)

The Tuas share price is $2.27, down 1.7% today.

The ASX 200 telco share is down 63% since news dropped that the company has allegedly been using spectrum it doesn't own.

Morgan Stanley kept its buy rating on Tuas shares with a $10 target this week.

This implies a massive potential capital gain of 325% over the next year.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is $5.60, down 0.8% today.

Over the past six months, this ASX 200 industrial share has leapt 25%.

Citi reaffirmed its buy rating and raised its 12-month target from $5.75 to $6.10 on Thursday.

This suggests a potential 8% upside ahead.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $4.75, up 0.9% today.

This ASX 200 agribusiness share has tumbled 45% over six months.

Canaccord Genuity renewed its buy rating with a $6.88 target on Monday.

This implies potential capital growth of 45% over the next year.

Megaport Ltd (ASX: MP1)

The Megaport share price is $12.98, up 1.2% today.

Over the past month, this ASX 200 technology share has ripped 48% higher.

Morgans renewed its buy rating and raised its target from $13.50 to $15.50 this week.

This suggests a potential 19% upside ahead.

The broker commented:

MP1 has announced a series of large contract wins which are financially and strategically significant.

MP1 will use its globally unique communications platform to connect servers and GPU clusters in numerous DCs across the US.

DC power constraints are a growing issue and MP1 was uniquely able to stitch together multiple sites to provide consolidated inference solutions.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The Electro Optic Systems share price is $8.98, up 12% on Friday.

Over the past month, this ASX 200 defence share has fallen 16%.

Canaccord Genuity renewed its buy rating and raised its target from $12.50 to $14 this week.

This suggests a potential 24% upside ahead.

Charter Hall Group (ASX: CHC)

The Charter Hall share price is $19.35, up 0.5% today.

This real estate investment trust (REIT) has declined 21% over the year to date.

Morgan Stanley reiterated its buy rating with a price target of $26.89 on Monday.

This implies a potential near-40% upside ahead.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price is $29.10, up 4% today.

This building materials supplier is the largest non-mining company in the ASX 200 materials sector.

James Hardie shares have fallen 19% over 12 months.

This week, James Hardie released its FY26 results.

Amid subdued construction activity, broker Morgans said FY26 could be "chalked up as a transformational but financially dilutive year, while FY27 is about margin and cash-recovery driven by synergies rather than any improvement in the housing market".

Morgans reiterated its buy rating with a price target of $39.

This implies potential capital gains of 34% ahead.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems and Megaport. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Man with rocket wings which have flames coming out of them.
Resources Shares

2 ASX mining shares that could more than double in value in FY27: experts

Bell Potter thinks these stocks have more than 100% upside potential in the new financial year.

Read more »

Five happy miners standing next to each other representing ASX coal mining shares which some brokers say could pay big dividends this year
Resources Shares

3 ASX mining shares to buy now: experts

ASX mining shares produced an astonishing 59% total return in FY26. Here are 3 tips for FY27.

Read more »

Green keyboard button saying buy stock.
Broker Notes

9 ASX 200 shares with reiterated buy calls this week

Brokers retained a positive view on BHP, Pro Medicus, Telstra, Coles, and others this week. 

Read more »

An engineer takes a break on a staircase and looks out over a huge open pit coal mine as the sun rises in the background.
Broker Notes

Here's what brokers tip for BHP shares over the next 12 months

The BHP share price soared 62% in FY26 to finish at $59.40 on 30 June.

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Broker Notes

This ASX silver mine developer could more than triple in value: Broker

With a mine nearing development, now could be the time to buy in.

Read more »

Pile of copper pipes.
Broker Notes

Could this ASX copper share really rise 400%?

Shaw and Partners believes big things are ahead for this copper developer.

Read more »

A woman in a red dress holding up a red graph.
Broker Notes

3 ASX shares which could deliver 53% to 90% gains

Brokers say these shares could perform well.

Read more »

Happy couple looking at a phone and waiting for their flight at an airport.
Broker Notes

Buy, hold, sell: Netwealth, Silver Mines, and Qantas shares

Does Morgans rate these shares as buys? Let's see what the broker is saying.

Read more »