S&P/ASX All Ords Index (ASX: XAO) shares are 1.3% lower at 8,895.6 points on Friday.
Brokers cut their ratings on several ASX All Ords shares this week.
Let's take a look.
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Sims Ltd (ASX: SGM)
The Sims share price is $24.53, down 3.2% today.
Over the past month, this ASX materials share has fallen 7%.
Morgan Stanley downgraded Sims shares to a sell rating on Monday.
The broker cut its 12-month price target from $24 to $22.
This implies a potential 10% downside ahead.
Elders Ltd (ASX: ELD)
The Elders share price is $6.37, up 1.8% today.
Over the past month, this ASX consumer staples share has increased 13%.
Bell Potter downgraded Elders shares to a hold rating yesterday.
The broker raised its 12-month price target from $6.45 to $6.70.
This suggest a potential 5% upside ahead.
The broker said:
Following the recent recovery in the share price we are moving our rating from Buy to Hold.
Investments in Delta and SYSMOD are the largest drivers of near term growth, however, we see the large livestock tailwinds the agency business has benefited from the past two years facing more difficult comparisons moving forward.
We are cognisant cattle prices no longer carry the value arbitrage they once did to US90CL indicators, trading at a premium for the first time since early CY23.
Charter Hall Retail REIT (ASX: CQR)
The Charter Hall Retail REIT share price is $3.68, down 1.3% today.
Over the past month, this real estate investment trust (REIT) has fallen 13%.
UBS downgraded Charter Hall Retail REIT shares to a hold rating on Wednesday.
The broker lowered its 12-month price target from $4.65 to $4.20.
This implies a potential 14% upside ahead.
Dyno Nobel Ltd (ASX: DNL)
The Dyno Nobel share price is $3.92, down 2.4% today.
Over the past month, this ASX materials share has risen 0.4%.
Jarden downgraded Dyno Nobel shares to a hold rating this week.
The broker has a 12-month price target of $3.80.
This indicates a potential 3% downside over the next year.
Tabcorp Holdings Ltd (ASX: TAH)
The Tabcorp share price is 92 cents, down 3.2% today.
Over the past month, this ASX consumer discretionary share has risen 1.1%.
Morgans downgraded Tabcorp shares from buy to accumulate.
The broker has a 12-month price target of $1.02.
This suggests a potential 14% upside ahead.
Morgans said:
We gained encouragement from TAH's FY26 result, with the company responding to a modest growth environment (+1%) with disciplined cost control, while softer D&A helped underlying NPAT come in +6% ahead of market expectations and broadly in line with our estimates.
Other highlights for us included strong customer retention following the introduction of the new retail commercial model, the rollout of next-generation terminals, and a strong sports performance through the FIFA World Cup.
EchoIQ Ltd (ASX: EIQ)
The EchoIQ share price is 50 cents, down 12% today.
Over the past month, this ASX tech share has crashed 68%.
Bell Potter downgraded EchoIQ shares from speculative hold to speculative sell this week.
The broker slashed its 12-month price target from $1.75 to 30 cents.
This suggests potential further downside of 40% over the next year.
