Buy, hold, sell: Aristocrat Leisure, Lynas Rare Earths, CBA shares

On the final day of FY26, 3 experts explain their ratings on a trio of ASX 200 shares.

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S&P/ASX 200 Index (ASX: XJO) shares are just inside the green on Tuesday, up 0.06% to 8,828.9 points.

Among the 11 market sectors, technology is in the lead today, up 0.9%.   

The materials sector is the laggard, down 1.2% today. 

Meanwhile, on The Bull this week, two experts give us their views on three ASX 200 shares.

Let's check them out. 

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Aristocrat Leisure Ltd (ASX: ALL)

The Aristocrat Leisure share price is $60.80, up 0.5% today and down 6.7% over FY26.  

Stuart Bromley from Medallion Financial Group has a buy rating on this ASX 200 consumer discretionary share. 

Bromley said:  

Aristocrat is a gaming content creation company. It holds market leading positions across land based gaming and digital social casino.

The company recently announced a substantial and extended on-market share buy-back, signalling management's confidence in the underlying business and providing a meaningful tailwind to earnings per share (EPS) growth.

Combined with strong cash generation, disciplined capital allocation and ongoing digital expansion opportunities, we believe Aristocrat offers quality, growth and appealing shareholder returns.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is $17.69, down 4.5% today and up 105% over FY26.  

Michael Gable from Fairmont Equities has a hold rating on this ASX 200 rare earths share. 

Gable said: 

Rare earths miners appeal as western nations strive to diversify their supply of these metals away from China. 

LYC is the largest producer outside of China and is best placed to benefit from an increase in demand.

Gross sales revenue of $265 million in the third quarter of fiscal year 2026 was up from $201.9 million in the second quarter.

In our opinion, share price consolidation appears to be ending in favour of a new uptrend moving forward. 

The shares have risen from $9.20 on June 26, 2025 to trade at $18.43 on June 25, 2026.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is $165.17, up 1% today and down 10.6% over FY26.  

Bromley has a sell rating on this ASX 200 bank share.  

He explained:  

CBA remains one of Australia's premier financial institutions and has consistently demonstrated exceptional execution, profitability and balance sheet strength.

However, we believe the current valuation has become increasingly difficult to justify. The stock is trading at a significant premium to domestic and global banking peers despite relatively modest earnings growth expectations.

We believe future returns are likely to be constrained by the elevated valuation. Better value opportunities exist elsewhere in the market.

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 recommended Lynas Rare Earths Ltd. 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.

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