Meanwhile, brokers have maintained a positive view on several stocks this week.
Let's take a look.
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Zip Co Ltd (ASX: ZIP)
The Zip share price is $1.97, down 12% despite no news from the company today.
Over the past month, this ASX 200 financial share has fallen 22%.
UBS renewed its buy rating on Zip shares today.
The broker has a 12-month price target of $4.70.
This suggests a potential 134% upside ahead.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is $7.82, down 0.8% today.
The ASX 200 insurance share has risen 3% over the past month.
UBS reiterated its buy rating on IAG shares yesterday with a price target of $9.25.
This implies potential capital gains of 18% ahead.
BHP Group Ltd (ASX: BHP)
The BHP share price is $61.02, down 1.7% on Thursday.
Over the past month, this ASX 200 mining share has tumbled 9%.
Morgan Stanley reaffirmed its buy rating on BHP shares yesterday.
The broker has a 12-month target of $68.
This suggests a potential 11% upside ahead.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is $162.88, up 1% today.
This ASX 200 healthcare share has fallen 16% over the past month.
Citi renewed its buy rating on Pro Medicus shares yesterday with a $225 target.
This implies potential capital growth of 38% over the next year.
Nickel Industries Ltd (ASX: NIC)
The Nickel Industries share price is 82 cents, down 3% today.
Over the past month, this ASX 200 nickel share has fallen 8%.
Bell Potter renewed its buy rating on Nickel Industries shares this week.
The broker has a 12-month price target of $1.45.
This suggests a potential 77% upside ahead.
The broker said:
NIC is one of the world's largest listed nickel producers and offers exposure across a range of nickel products and markets.
It has a track record of maintaining margins through low nickel prices, benefitting from its diversified product suite and margin exposure across an integrated value chain.
Stockland Corp Ltd (ASX: SGP)
The Stockland share price is $4.13, down 1.8% today.
Over the past month, this ASX 200 property share has fallen 13%.
UBS renewed its buy rating on Stockland shares today.
The broker has a 12-month price target of $5.12.
This suggests a potential 24% upside ahead.
