S&P/ASX 200 Index (ASX: XJO) shares slipped into the red at lunchtime on Friday.
ASX 200 shares are currently down 0.003% to 8.748.4 points.
Meanwhile, brokers have indicated new confidence in several ASX shares this week.
Here are six stocks that have been upgraded.
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Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is $12.05, down 0.08% today.
Over the past month, this ASX 200 consumer discretionary share has ripped 22%.
Jarden upgraded Flight Centre shares to a buy rating with a $15.90 target price.
This suggests a potential 30% upside ahead.
Karoon Energy Ltd (ASX: KAR)
The Karoon Energy share price is $1.27, down 1.5% today.
Karoon Energy shares tumbled 11% last Tuesday when the company issued production downgrades.
Calendar year 2026 total production guidance was revised to a range of 7.2 MMboe to 8.2 MMboe.
That's down from 8.1 MMboe to 9.2 MMboe previously.
Macquarie upgraded the ASX 200 energy share to a hold rating this week.
The broker's 12-month target is $1.50, suggesting an 18% upside ahead.
Oil prices have slumped back to pre-war levels following the signing of the US-Iran interim peace deal.
Iluka Resources Ltd (ASX: ILU)
The Iluka Resources share price is $6.95, down 3.2% today.
This ASX 200 mining share has risen 18% in the calendar year to date (YTD).
Canaccord Genuity upgraded Iluka Resources shares to a buy rating on Wednesday.
The broker upped its 12-month price target from $8.10 to $8.45.
This implies a potential 20% upside ahead.
Baby Bunting Group Ltd (ASX: BBN)
The Baby Bunting share price is $1.41, up 0.7% today.
Over the past six months, this ASX consumer discretionary share has tumbled 43%.
Ord Minnett upgraded Baby Bunting shares on Thursday.
The broker has a 12-month price target of $2.30.
This implies a potential 60% upside ahead.
Collins Foods Ltd (ASX: CKF)
The Collins Food share price is $8.16, down 1.3% on Friday.
Over the past six months, the KFC fast food restaurant operator has lost 23% of its market valuation.
Citi upgraded Collins Foods shares to a buy rating on Tuesday.
The broker shaved its 12-month price target from $10.45 to $10.30.
This indicates capital gains of 26% over the next year.
Sims Ltd (ASX: SGM)
The Sims share price is $28.13, up 0.3% today.
Over the past month, this ASX industrial share has ascended 15%.
Jefferies upgraded Sims shares to a hold rating this week.
The broker has a 12-month price target of $31.
This indicates a potential 10% upside over the next year.
