S&P/ASX 200 Index (ASX: XJO) shares are 0.4% lower at 8,760.8 points today.
Brokers have lifted their ratings on several ASX stocks this week.
Let's see a sample.
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South32 Ltd (ASX: S32)
The South32 share price is $4.12, down 5.5% today.
Over the past month, this ASX 200 mining share has dropped 16%.
Ord Minnett upgraded South32 shares on Tuesday.
The broker has a 12-month target of $5.50.
This suggests a potential 33% upside ahead.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is $194.93, up 0.8% today.
Over the past month, this ASX 200 healthcare stock has ascended 21%.
Morgans upgraded Pro Medicus shares from accumulate to buy on Monday.
The broker maintained its $230 target price.
This implies a potential 18% upside ahead.
The broker commented:
PME has announced a further seven-year, A$24m full stack cloud contract with Billings Clinic Logan Health, its third new community health system win in FY27 to date (A$72m TCV, A$10.3m new ARR).
The FY27 wins are modest individually but consistent in size, term and scope, pointing to a repeatable mid-market playbook that broadens the pipeline beyond large Integrated Delivery Networks.
New Hope Corporation Ltd (ASX: NHC)
The New Hope Corporation share price is $5.96, up 0.2% today.
Over the past month, this ASX 200 coal share has risen 2%.
Morgans upgraded New Hope Corporation shares from hold to accumulate on Tuesday.
The broker increased its 12-month price target from $6.05 to $6.30.
This implies a potential 6% upside ahead.
Hub24 Ltd (ASX: HUB)
The Hub24 share price is $66.67, down 0.2% on Friday.
Over the past month, this ASX financial stock has fallen 5%.
Ord Minnett upgraded Hub24 shares to a buy rating on Wednesday.
The broker trimmed its 12-month price target from $93 to $90.
This indicates potential capital gains of 34% over the next year.
29Metals Ltd (ASX: 29M)
The 29Metals share price is 27 cents, down 5.4% today.
Over the past month, this ASX copper stock has plunged 32%.
Morgans upgraded 29Metals shares to a hold call on Wednesday.
The broker has a 12-month price target of 35 cents.
This suggest a potential 32% upside ahead.
PWR Holdings Ltd (ASX: PWH)
The PWR share price is $11.36, down 2.2% today.
Over the past month, this ASX consumer discretionary share has risen 10%.
Morgans upgraded PWR shares from hold to accumulate on Tuesday.
The broker raised its 12-month price target from $12.40 to $12.55.
This suggests potential capital growth of 10% over the next year.
