Downgrade alert! 5 ASX 200 shares downgraded by experts this week

Brokers reduced their ratings on Wisetech, Harvey Norman, Ansell, and other stocks this week. 

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S&P/ASX 200 Index (ASX: XJO) shares are steady at 8,732 points on Friday.

Among the 11 market sectors, materials and miners are in the lead today, up 1.4%.

The consumer staples sector is the laggard, down 0.88%.

The ASX 200 has slipped into the red for the calendar year to date

However, a major survey shows investors are continuing to add to their portfolio positions.

Meanwhile, brokers have reduced their ratings on several ASX 200 shares this week.

Let's take a look.

Sad man sitting at desk and grabbing his head as he looks at a laptop.

Image source: Getty Images

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $32.04, up 0.5% today and down 67% over 12 months.

Over the past month, this ASX 200 tech share has fallen 26%.

Rothschild & Co downgraded WiseTech shares to a hold rating on Monday.

The broker has a 12-month price target of $37.

This implies a potential 15% upside ahead.

West African Resources Ltd (ASX: WAF)

The West African Resources share price is $3.60, up 2.1% today and up 31% over 12 months.

Over the past month, this ASX 200 gold share has risen 4%.

Macquarie downgraded West African Resources shares to a hold rating today.

The broker has a 12-month price target of $4.

This suggests a potential 11% upside ahead.

Ansell Ltd (ASX: ANN)

The Ansell share price is $42, down 0.4% today and up 26% over 12 months.

Over the past month, this ASX 200 healthcare share has increased 18%.

RBC Capital downgraded Ansell shares to a hold rating on Tuesday.

The broker increased its 12-month price target from $36 to $38.

This implies a potential 10% downside ahead.

Harvey Norman Holdings Ltd (ASX: HVN)

The Harvey Norman share price is $4.14, down 0.7% today and down 43% over 12 months.

Over the past month, this ASX 200 consumer discretionary share has fallen 11%.

Morgan Stanley downgraded Harvey Norman shares to a sell rating today.

The broker lowered its 12-month price target from $4.50 to $3.90.

This means a potential downside of 6% over the next year. 

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $6.57, down 0.3% today and down 25% over 12 months.

Over the past month, this ASX 200 consumer staples share has risen 19%.

Macquarie downgraded Graincorp shares to a hold rating this week.

The broker shaved its 12-month price target from $7.10 to $7.

This suggests a potential 7% upside ahead.

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 positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended Harvey Norman and WiseTech Global. The Motley Fool Australia has recommended Ansell and Macquarie Group. 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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