S&P/ASX 200 Index (ASX: XJO) shares are down 0.5% to 8,641.8 points on Friday.
Amid a highly volatile market, brokers downgraded several ASX 200 shares this week.
Let's take a look at their new ratings and 12-month share price targets for six ASX 200 stocks.
Image source: Getty Images
CSL Ltd (ASX: CSL)
The CSL share price is $96, up 3.7% today.
The market's biggest ASX 200 healthcare company has lost 44% of its valuation in the calendar year to date (YTD).
Jefferies downgraded CSL shares to a hold rating and slashed its price target from $195 to $108.
This still implies a potential 12% upside ahead.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is $39.77, down 0.9% on Friday.
Over the past six months, this ASX 200 tech share has fallen 46%.
WiseTech Global is no longer the market's biggest tech company. It handed over the reins to Xero Ltd (ASX: XRO) last month.
JP Morgan downgraded WiseTech shares to a hold rating with a $40 target this week.
This suggests the stock is already fully valued.
Telstra Group Ltd (ASX: TLS)
The Telstra share price is $4.95, down 0.3% today.
The ASX 200 telco share has fallen 9% over the past month.
Macquarie downgraded Telstra shares to a hold rating this week.
The broker shaved its 12-month price target from $5.64 to $5.57.
This suggests just a 2% potential upside left in the year ahead.
Capricorn Metals Ltd (ASX: CMM)
The Capricorn Metals share price is $12.90, down 3.2% today.
This ASX 200 gold mining share has fallen 11% YTD.
Goldman Sachs downgraded Capricorn Metals shares to a hold rating on Thursday.
The broker lowered its 12-month target from $17.60 to $16.90.
This still implies a healthy potential upside of 29% ahead.
Find out why the gold price has fallen since the Iran war began here.
IGO Ltd (ASX: IGO)
The IGO share price is $8.96, down 3.2% today.
This ASX 200 lithium share has risen 9% YTD.
JP Morgan downgraded IGO shares to a hold rating this week.
However, the broker lifted its 12-month price target from $8.50 to $9.50.
This indicates capital gains of 7% over the next year.
Harvey Norman Holdings Ltd (ASX: HVN)
The Harvey Norman share price is $4.43, up 0.8% on Friday.
This ASX 200 consumer discretionary share has taken a big tumble in 2026.
The furniture retailer has lost 37% of its valuation YTD.
Macquarie downgraded Harvey Norman shares to a hold rating this week.
The broker slashed its price target from $6.60 to $4.50.
This suggests potential capital growth of just 2% over the next year.
