S&P/ASX 200 Index (ASX: XJO) shares are down 0.66% to 8,629.1 points on Friday.
Brokers have indicated continuing confidence in several ASX 200 shares this week.
Let's take a look.
Image source: Getty Images
BHP Group Ltd (ASX: BHP)
The BHP Group share price is $61.52, down 2% today.
BHP shares hit a new record price of $65.04 on Wednesday.
On Thursday, BHP and other ASX 200 iron ore mining shares fell heavily on news of ramped-up production at Simandou.
The Simandou iron ore project in Africa is the world's largest untapped, high-grade iron ore deposit.
Morgan Stanley reiterated its buy rating on BHP shares on Monday.
The broker has a price target of $67.50, suggesting almost 10% upside remains.
Megaport Ltd (ASX: MP1)
Megaport shares are flying on Friday, up 9.6% to $18.18 apiece.
The Megaport share price is the fastest riser of the entire ASX 200 today.
In earlier trading, the ASX 200 tech share reached a new 52-week high of $21.16.
Megaport shares came out of a trading halt today after the company completed the institutional component of a $827.3 million fully underwritten entitlement offer.
Earlier this week, Megaport announced four new AI infrastructure contracts worth approximately $458.9 million.
The contracts require approximately $369.5 million of capital expenditure, hence the capital raise.
UBS renewed its buy rating on Megaport shares today.
The broker raised its 12-month price target from $16.70 to $24.20.
This suggests a potential 33% upside ahead.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is $165.48, up 3.9% today.
Over the past month, this ASX 200 healthcare share has soared 21%.
Macquarie maintained its buy rating on Pro Medicus shares with a $221 target this week.
This suggest a potential 34% upside ahead.
Find out why another expert considers Pro Medicus shares the 'most defensively positioned software business' on the ASX.
AMP Ltd (ASX: AMP)
The AMP share price is $1.51, up 2.2% today.
This ASX 200 financial share has fallen 17% in the calendar year to date (YTD).
Citi renewed its buy call on AMP shares with a $1.80 target this week.
This implies potential capital growth of 19% over the next year.
IAG Australia Group Ltd (ASX: IAG)
The IAG share price is $7.55, up 0.1% today and down 5.5% YTD.
UBS reiterated its buy rating on IAG shares with an $8.80 target on Monday.
This implies a potential 17% upside ahead.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is $9.19, up 0.4% today.
This ASX 200 airline share has lifted 9% over the past month.
Goldman Sachs renewed its buy rating on Qantas shares with a $12.25 target.
This implies potential capital growth of 33% over the next year.
South32 Ltd (ASX: S32)
The South32 share price is $4.64, down 2.2% today.
Over the past month, this ASX 200 mining share has ripped 14% higher.
Morgan Stanley reaffirmed its buy rating on South32 shares with a $4.85 target.
This suggests a potential 4% upside ahead.
