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.
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.
The post 6 ASX stocks upgraded by leading brokers 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 PWR Holdings. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended PWR Holdings. The Motley Fool Australia has recommended Hub24 and Pro Medicus. 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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