Big brokers have run the ruler on which ASX 200 shares could beat the market. Here are the latest updates on ASX 200 shares that have a buy or buy equivalent rating.
ASX 200 shares that could go higher
Aristocrat Leisure Ltd (ASX: ALL)
The gambling machine manufacturer shares have steadily climbed 16% year-to-date to $36.58 and within 2% of its pre-COVID all-time record high.
Additionally, the reopening of casinos around the world and the strong performance of its digital games segment has helped the company emerge as a strong recovery stock.
Citi has observed a strong performance according to March surveys. With solid leasing and sales from its Class III premium gaming operations. While its dominant Class II business has seen performance moderate.
The broker retained its buy rating with a $40.60 target price.
Corporate Travel Management Ltd (ASX: CTD)
Corporate Travel shares have caught the attention of Morgan Stanley and Morgans after announcing a positive trading update on Wednesday. The company revealed that it managed to break even for the month of March.
This was following a strong uplift in travel demand. The two brokers were also quick to reiterate a respective overweight and add rating with an average target price of $21.65.
Morgan Stanley observes that this achievement was driven by group domestic travel rising to approximately 60% of pre-COVID revenues. While ANZ bookings have increased to 85% of FY19.
The broker notes that essential travel in the UK and EU should continue to support profitability. There are also positive signs emerging in the United States which may be accelerated by its vaccine rollouts.
Regis Resources Ltd (ASX: RRL)
The Regis share price is on the move after entering a conditional binding agreement for a stake in IGO Ltd (ASX: IGO) Tropicana Gold Mine on Thursday.
But before this announcement, Regis provided an upbeat resource update which highlights an 11% increase in ore reserves to 4.0 million ounces and 5% in mineral resources to 8.1 million ounces.
Morgan Stanley believes the increase in reserves gives around seven years of visibility and should ease investor concerns around mine lives. The broker believes in potential resource conversion and mine life extensions in the near term.
An overweight rating was maintained with a $4.19 target price. Despite the positive rating, Regis shares are down 25% year-to-date to $2.79 and almost halved since August 2020.
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More reading
- Why Megaport, Pointerra, Regis Resources, & Zip are charging higher
- Are ASX travel shares about to go through a big recovery?
- ASX 200 shares thrown in the bargain bin: Here’s 3 ideas
- Brokers favourite ASX share for the COVID-19 reopening trade
- Why the Regis Resources (ASX:RRL) share price is climbing
Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
The post The ASX 200 shares brokers think you should watch out for appeared first on The Motley Fool Australia.
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