S&P/ASX All Ords Index (ASX: XAO) shares are up 0.01% to 9,199.6 points on Friday.
With earnings season over, brokers have been updating their ratings and 12-month price targets on hundreds of companies.
The following ASX shares are among those that received upgrades based on their latest financial results.
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Telstra Group Ltd (ASX: TLS)
The Telstra share price is $4.80, up 0.8% today.
Over the past month, this ASX telco share has fallen 6%.
Citi upgraded Telstra shares to a buy recommendation with a 12-month price target of $5.25.
This implies a potential 9% upside ahead.
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price is $11.62, up 3.2% today.
Over the past month, this ASX uranium share has ripped 21%.
Macquarie upgraded Paladin Energy shares to a buy rating on Wednesday.
The broker raised its 12-month price target from $12.95 to $13.85.
This implies a potential 19% upside ahead.
Magellan Financial Group Ltd (ASX: MFG)
The Magellan share price is $8.62, up 0.7% today.
Over the past month, this ASX financial share has fallen 14%.
JP Morgan upgraded Magellan shares to a hold rating this week.
The broker lifted its 12-month price target from $9 to $9.80.
This suggest a potential 13% upside ahead.
Centuria Capital Group (ASX: CNI)
The Centuria Capital Group share price is $1.26, up 1.6% today.
Over the past month, this ASX real estate investment trust (REIT) has slumped 16%.
MA Financial Group upgraded Centuria Capital Group shares to a buy call on Wednesday.
The broker lowered its 12-month price target from $2.18 to $1.83.
This indicates capital gains of 45% over the next year.
IGO Ltd (ASX: IGO)
The IGO share price is $8.08, down 4% today.
Over the past month, this ASX lithium share has jumped 14%.
Goldman Sachs upgraded IGO shares to a buy rating yesterday.
The broker lifted its 12-month price target from $8.10 to $9.50.
This suggests potential capital growth of 17% over the next year.
Smartgroup Corporation Ltd (ASX: SIQ)
The Smartgroup Corporation share price is $11.55, up 0.2% today.
Over the past month, this ASX industrials share has declined 13%.
Morgan Stanley upgraded Smartgroup shares to a buy rating yesterday.
The broker raised its 12-month price target from $11 to $13.
This implies a potential 13% upside ahead.
Centuria Industrial REIT (ASX: CIP)
The Centuria Industrial REIT share price is $2.94, down 0.5% today.
Over the past month, this ASX REIT has fallen 3%.
Morgans upgraded Centuria Industrial REIT shares to a buy call with a $3.25 target.
This suggest a potential 11% upside ahead.
South32 Ltd (ASX: S32)
The South32 share price is $5.22, up 0.1% today.
Over the past month, this ASX mining share has leapt 11%.
RBC Capital upgraded South32 shares to a buy recommendation this week.
The broker increased its 12-month price target from $5.30 to $5.50.
This implies a potential 5% upside ahead.
