S&P/ASX 200 Index (ASX: XJO) shares are down 0.5% as the ceasefire in the Middle East appears to unravel.
The ongoing global oil supply shortage continues to impact many Western economies, threatening higher inflation and interest rates.
Amid much volatility, ASX 200 shares are now 1.6% lower in 2026.
This week, brokers reduced their ratings and 12-month price targets on several ASX stocks.
Let's take a look.
REA Group Ltd (ASX: REA)
The REA share price is $147.61, down 1.2% today.
Over the past six months, this ASX 200 communications share has fallen 21%.
UBS downgraded REA shares to a hold rating on Tuesday.
The broker slashed its 12-month price target from $213 to $165.
This implies a potential 11% upside ahead.
Champion Iron Ltd (ASX: CIA)
The Champion Iron share price is $3.94, down 0.3% today.
This ASX 200 iron ore share has fallen 11% over the past five days.
This was due to a significant ramp-up in production at the giant Simandou mine in Africa.
Fears of oversupply amid weakening demand from China have seen the iron ore price fall 9% in a month.
BMO Capital downgraded Champion Iron shares to a hold rating on Monday.
The broker lowered its 12-month price target from $5.60 to $4.58.
This suggests a potential 16% upside ahead.
TechnologyOne Ltd (ASX: TNE)
The TechnologyOne share price is $31.32, down 1.6% today.
Over the past six months, this ASX 200 tech share has risen 13%.
Bell Potter downgraded TechnologyOne shares to a hold rating yesterday.
But the broker increased its price target from $32.35 to $34.25.
This still implies a potential near-10% upside ahead.
The broker said:
Our updated TP of $34.25 is <15% premium to the share price so we downgrade our recommendation to HOLD.
We now see the stock as reasonable value on FY26 and FY27 PE ratios of 66x and 55x respectively.
We do see Technology One as one of if not the best quality large cap SaaS company on the ASX but we note it is already trading at almost double the FY26 and FY27 PE ratios of WiseTech Global Ltd (ASX: WTC) on 35x and 28x.
We also see a lack of catalysts for Technology One in the near term as the company does not tend to announce individual contract wins – though some are posted on the website – and we do not expect any change in the FY26 guidance.
Nickel Industries Ltd (ASX: NIC)
The Nickel Industries share price is 93 cents, down 3.7% today.
Over the past month, this ASX 200 mining share has fallen 16%.
Jefferies downgraded Nickel Industries shares to a hold rating this week.
The broker reduced its 12-month price target from $1.20 to $1.
This indicates possible capital gains of 8% over the next year.
Megaport Ltd (ASX: MP1)
The Megaport share price is $18.59, up 3% today.
Over the past month, this ASX 200 tech share has ripped 90% higher.
Morgans downgraded Megaport shares from a buy to accumulate rating this week.
The broker was moved to do so largely due to a 90% surge in the share price over the past month.
Morgans also lifted its 12-month target price from $15.50 to $21.
This suggests a potential 13% upside ahead.
The post 5 ASX 200 shares downgraded by the experts this week appeared first on The Motley Fool Australia.
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 Jefferies Financial Group, Megaport, Technology One, and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026