4 ASX 200 shares receiving broker upgrades

S&P/ASX 200 Index (ASX: XJO) shares are down 0.44% to 7,631.5 points on Thursday amid several broker upgrades within the benchmark index this week.

Let’s take a look at four of them.

4 ASX 200 shares attracting upgrades this week

ASX 200 property share to outperform, says broker

As reported in The Australian, Macquarie has raised its rating on ASX 200 property share HMC Capital Ltd (ASX: HMC) to outperform. It has placed a 12-month price target of $7.97 on HMC Capital shares.

HMC Capital shares enjoyed a run on Monday after the company announced the completion of a $100 million capital raise. The stock rose 4.77% and was one of the top-performing shares of the day.

The HMC Capital share price is $7.17, up 0.14% today and up 17.9% in the year to date.

Broker ‘cautiously optimistic’ on Domino’s Pizza shares

Citi has upgraded ASX 200 consumer discretionary share Domino’s Pizza Enterprises Ltd (ASX: DMP) from neutral to buy. The 12-month price target remains unchanged though at $44.50.

Citi analyst Sam Teeger said (courtesy The Australian):

We have come away from the France part of the Europe investor tour with greater understanding of why Domino’s has struggled and are cautiously optimistic that better days could be ahead in FY25.

The company released its European strategy on Monday.

The Domino’s Pizza share price is $37.77, up 1.68% today and down 36.3% in the year to date.

CLSA has also upgraded Domino’s Pizza shares to a buy with a price target of $46.50.

Price target raised 28% on ASX 200 healthcare share

According to The Australian, Wilsons has upgraded ASX healthcare share Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH) to overweight and raised its price target by 28% to $30.

The broker was impressed by the company’s FY24 report released yesterday.

Investors liked it too and rewarded the company with a 3.69% bump to a new 52-week peak of $27.50 per share. This made it the best-performing stock of the day.

The Fisher & Paykel share price is $26.31, down 0.30% today and up 19.3% in the year to date.

Broker says hold amid director buying the dip

Jefferies has upped its rating on Eagers to hold with a 12-month share price target of $10.40.

The Eagers Automotive Ltd (ASX: APE) share price is $10.08, down 0.30% today and down 30.5% in the year to date.

Non-executive director Nicholas Politis has been buying the dip on the ASX 200 share. He purchased 200,000 shares on-market last Wednesday’, paying an average price of $10.47.

The post 4 ASX 200 shares receiving broker upgrades appeared first on The Motley Fool Australia.

More reading

• Why did the ASX 200 just hit a 4-week low?
• 5 things to watch on the ASX 200 on Thursday
• Do yesterday’s inflation numbers mean interest rates are set to rise?
• Here are the top 10 ASX 200 shares today
• Domino’s share price is set to soar 22%, say top brokers

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in Domino’s Pizza Enterprises and Macquarie Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises and Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.