Brokers are being kept on their toes by today's highly volatile market.
Fast-changing macroeconomic factors are causing sharp and frequent swings in the S&P/ASX 200 Index (ASX: XJO).
Many companies are issuing updates on how the global oil shock is impacting them ahead of their FY26 reports in August.
As things change with the companies they cover, brokers revise their ratings and 12-month share price targets.
Let's take a look at three fresh buy, hold, and sell calls from the experts.
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Mineral Resources Ltd (ASX: MIN)
The Mineral Resources share price has ripped 33% in the calendar year to date (YTD).
Bell Potter renewed its buy rating on Mineral Resources shares last week.
The broker raised its 12-month share price target from $75 to $80.50.
This implies potential capital growth of almost 10% over the next year.
Bell Potter's note followed the miner's Final Investment Decision (FID) for a flotation plant and underground development at Mt Marion.
This will extend Mt Marion's life by six years and increase production capacity from 500ktpa to 600ktpa of lithium spodumene.
Bell Potter said:
Completion of the US$765m MIN-POSCO lithium transaction will accelerate balance sheet deleveraging paired with cash flows from persistent iron ore and lithium market prices.
MIN's mining services platform delivers a stable earnings stream that is expected to expand with internal and third-party volume growth.
The company is well positioned to execute its next phase of growth with potential to reinstate fully franked dividends.
Mineral Resources shares are outperforming their peers in the ASX 200 materials sector this year.
The S&P/ASX 200 Materials Index (ASX: XMJ) has lifted 18% in 2026 as the new Australian mining boom continues.
IAG Australia Group Ltd (ASX: IAG)
The IAG share price has fallen 4% YTD.
Citi reiterated its hold rating on IAG shares on Friday.
The broker has a $8.50 price target, suggesting a potential 11% upside ahead.
IAG shares are outperforming their peers in the ASX 200 financial sector this year.
The S&P/ASX 200 Financials Index (ASX: XFJ) has fallen 2% in 2026.
Origin Energy Ltd (ASX: ORG)
The Origin Energy share price has weakened 4% YTD.
Ord Minnett downgraded Origin Energy shares from hold to lighten last week.
The broker shaved down its 12-month price target from $11 to $10.40.
This implies a small potential downside of 4% over the next 12 months.
In a new note, Ord Minnett explained its sell rating:
Ord Minnett sees increasing downside risk to AGL Energy and Origin Energy as electricity market transition dynamics evolve less favourably than had been anticipated.
Our central thesis is that battery capacity in the National Electricity Market (NEM) is being deployed materially faster than required in the absence of corresponding coal-fired generation retirements.
This excess flexibility is suppressing price volatility, reducing the earnings potential for batteries and other flexible generation assets such as gas peakers and hydro.
Origin Energy shares are underperforming their peers in the ASX 200 utilities sector this year.
The S&P/ASX 200 Utilities Index (ASX: XUJ) has increased 0.26% in 2026.
