S&P/ASX 200 Index (ASX: XJO) shares are down 0.5% to 8,641.8 points on Friday.
Amid a highly volatile market, brokers downgraded several ASX 200 shares this week.
Let’s take a look at their new ratings and 12-month share price targets for six ASX 200 stocks.
CSL Ltd (ASX: CSL)
The CSL share price is $96, up 3.7% today.
The market’s biggest ASX 200 healthcare company has lost 44% of its valuation in the calendar year to date (YTD).
Jefferies downgraded CSL shares to a hold rating and slashed its price target from $195 to $108.
This still implies a potential 12% upside ahead.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is $39.77, down 0.9% on Friday.
Over the past six months, this ASX 200 tech share has fallen 46%.
WiseTech Global is no longer the market’s biggest tech company. It handed over the reins to Xero Ltd (ASX: XRO) last month.
JP Morgan downgraded WiseTech shares to a hold rating with a $40 target this week.
This suggests the stock is already fully valued.
Telstra Group Ltd (ASX: TLS)
The Telstra share price is $4.95, down 0.3% today.
The ASX 200 telco share has fallen 9% over the past month.
Macquarie downgraded Telstra shares to a hold rating this week.
The broker shaved its 12-month price target from $5.64 to $5.57.
This suggests just a 2% potential upside left in the year ahead.
Capricorn Metals Ltd (ASX: CMM)
The Capricorn Metals share price is $12.90, down 3.2% today.
This ASX 200 gold mining share has fallen 11% YTD.
Goldman Sachs downgraded Capricorn Metals shares to a hold rating on Thursday.
The broker lowered its 12-month target from $17.60 to $16.90.
This still implies a healthy potential upside of 29% ahead.
Find out why the gold price has fallen since the Iran war began here.
IGO Ltd (ASX: IGO)
The IGO share price is $8.96, down 3.2% today.
This ASX 200 lithium share has risen 9% YTD.
JP Morgan downgraded IGO shares to a hold rating this week.
However, the broker lifted its 12-month price target from $8.50 to $9.50.
This indicates capital gains of 7% over the next year.
Harvey Norman Holdings Ltd (ASX: HVN)
The Harvey Norman share price is $4.43, up 0.8% on Friday.
This ASX 200 consumer discretionary share has taken a big tumble in 2026.
The furniture retailer has lost 37% of its valuation YTD.
Macquarie downgraded Harvey Norman shares to a hold rating this week.
The broker slashed its price target from $6.60 to $4.50.
This suggests potential capital growth of just 2% over the next year.
The post 6 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.
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More reading
- 3 ASX 200 shares that could be too good to ignore in June
- Here’s what brokers tip for CSL shares over the next 12 months
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- 3 ASX 200 tech shares to buy now: expert
- 3 ASX 200 shares reporting major insider buying and selling
JPMorgan Chase is an advertising partner of Motley Fool Money. 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 CSL, Goldman Sachs Group, JPMorgan Chase, Jefferies Financial Group, Macquarie Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Harvey Norman, Macquarie Group, Telstra Group, and WiseTech Global. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.