S&P/ASX 200 Index (ASX: XJO) shares are 0.6% higher at 9,283 points on Thursday.
Here, three experts give us their views on three ASX 200 shares.
Let's see what they have to say.
Macquarie Group Ltd (ASX: MQG)
The Macquarie share price is $266.27, down 0.3% today and up 23% over 12 months.
Dylan Evans from Catapult Wealth has a buy rating on this ASX 200 bank share.
Evans said (courtesy The Bull):
Growth potential for the big four banks is likely to come under pressure from moderating house prices and investment loan demand. We see MQG as a compelling alternative in this environment due to Macquarie's more varied business mix.
Macquarie offers a global range of services that includes investment banking and asset management, which should enable it to offer solid growth even in a slowing retail banking environment.
Macquarie's commodity and markets business can also benefit from market volatility, a useful trait in what is likely to be an uncertain period given the conflict in Iran.
Fortescue Ltd (ASX: FMG)
The Fortescue share price is $18.43, up 1.3% today and down 0.8% over 12 months.
Bell Potter upgraded the ASX 200 mining share from a sell to a hold call after Fortescue's June quarter report.
Analyst David Coates said:
FMG's core iron ore operations continue to perform very well and benefit from an elevated iron ore price.
However, higher costs, broad input cost inflation, a subdued iron ore price outlook and potential impacts to price realisation all put pressure on our earnings and dividend forecasts.
We lift our rating to Hold from Sell on recent share price depreciation but do not yet see the positive catalysts to re-enter the stock.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is $10.69, up 0.8% today and down 3% over 12 months.
Mark Gardner from MPC Markets has a sell rating on this ASX 200 airline share.
Gardner said (courtesy The Bull):
The airline giant is exposed to volatile jet fuel prices in response to the Middle East conflict.
Although QAN hedged about 90 per cent of its exposure to crude oil prices in the second half of 2026, it was exposed to movements in jet refining margins.
Qantas announced in April that jet refining margins had increased from $US20 a barrel in February to a peak of around $US120 a barrel. The company announced capacity adjustments and fare increases to mitigate the impact of the Middle East conflict.
Higher fares may impact demand. We would be inclined to sell into strength.
The post Buy, hold, sell: Macquarie, Fortescue, Qantas shares 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 Macquarie Group. The Motley Fool Australia has recommended 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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