Telstra Group Ltd (ASX: TLS), AGL Energy Ltd (ASX: AGL), and PLS Group Ltd (ASX: PLS) shares have all fallen into the red in Thursday morning trade as the S&P/ASX 200 Index (ASX: XJO) falls on higher oil prices and interest rate jitters.
Here's the latest from the three ASX 200 stocks, and which ones brokers tip as a buy, sell, and hold over the next 12 months.
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Brokers rate PLS Group shares a BUY
PLS Group shares have dropped around 5% this morning, to $3.98 each at the time of writing.
It's been a rocky ride for the lithium miner this year, and its share price has swung between a peak of $6.81 and a low of $2.32 over the past 12 months. The shares are now down around 27% over the past month, are down 7% for the year to date, but 66% higher than a year ago.
The shares rebounded in August off the back of growing investor optimism that the lithium price recovery is improving, and then they rocketed higher again when the miner posted a strong FY26 result in mid-August.
PLS posted a 152% increase in revenue, a 59% increase in underlying EBITDA, and a swing into profit in NPAT (from a loss in the prior corresponding period).
There isn't any price-sensitive news out of the company recently to explain the latest sell-off. It's likely a combination of investors taking gains off the table and a softer lithium price.
But experts are bullish that PLS shares could keep climbing. Market Index data shows the majority of brokers have a buy rating on the shares. The $5.47 average target price implies a 38% upside at the time of writing.
Brokers rate Telstra shares a HOLD
Telstra shares are down around 0.5% at the time of writing, to $4.80 a piece. The ASX telecommunications company's shares are now down around 1% for the year to date and are 2% lower than 12 months ago.
The shares spiked to a multi-year high in May but tumbled lower in June to August after the company suffered a major nationwide network outage and a disappointing FY26 result.
Telstra posted a 0.8% decline in revenue and a 4.4% increase in underlying earnings.
The shares have rebounded slightly over the past month, likely as investors rotate towards more secure, defensive assets amid geopolitical uncertainty and Australian sharemarket weakness.
Brokers are on the fence about the outlook for Telstra shares over the next 12 months. Market Index data shows the majority have a hold rating on the stock. The $5.01 average target price implies an upside of around 4% at the time of writing.
Brokers rate AGL shares a SELL
AGL shares are down around 0.5% at the time of writing, to $8.18 a piece. The shares have generally tumbled lower so far in 2026 and are now down 12% since January. They're also around 6% lower than 12 months ago.
The ASX energy shares rebounded in August when it posted its FY26 results, but the increase was short-lived.
The company posted a 2% increase in both its underlying EBITDA and underlying NPAT for FY26. It also confirmed a 60% increase in its operating free cash flow. For FY27, AGL is guiding underlying EBITDA between $1.9 to $2.2 billion and underlying NPAT between $470 to $670 million.
Brokers aren't impressed either. Market Index data shows the majority of brokers have a sell rating on AGL shares. However, after the latest share price decline, the $9.70 target price implies a potential 19% upside.
