S&P/ASX 200 Index (ASX: XJO) shares are rising strongly on Friday, up 1.9% to 8,797.6 points.
This follows US President Donald Trump claiming a peace agreement with Iran could be reached this weekend.
Meanwhile, brokers have indicated new confidence in several ASX 200 shares.
Let’s check them out.
Deep Yellow Ltd (ASX: DYL)
The Deep Yellow share price is $1.41, up 3.3% today.
Over the past month, this ASX 200 uranium share has fallen 22%.
Jefferies upgraded Deep Yellow shares to a buy rating on Monday.
The broker has a 12-month price target of $1.90.
This suggests a potential 35% upside ahead.
TPG Telecom Ltd (ASX: TPG)
The TPG share price is $3.70, down 0.1% today.
Over the past month, this ASX 200 telecommunications share has fallen 9%.
JP Morgan upgraded TPG Telecom shares to a hold rating this week.
The broker has a 12-month price target of $3.70.
This implies the stock is fully priced.
Graincorp Ltd (ASX: GNC)
The Graincorp share price is $5.20, up 1.6% today.
Over the past month, this ASX 200 consumer staples share has dropped 15%.
Ord Minnett upgraded Graincorp shares from an accumulate to buy rating this week.
The broker said:
We note that at the first-half FY26 results release on 14 May, there were growing concerns for the FY27 crop due to significant areas of northern NSW and Queensland not having sufficient soil moisture profiles to plant and a weather forecast suggesting a dry winter and the chance of El Nino.
Relieving rains of the past two weeks, however, have washed away these fears. The FY27 crop is likely to be smaller than FY26, but it is now unlikely to be the disaster it was shaping up to be.
In Ord Minnett’s view, this makes the 21% retracement in the GrainCorp share price since 14 May seem like a significant overreaction.
The broker has a 12-month price target of $7.25 on Graincorp shares.
This suggests a potential capital gain of almost 40% over the next year.
Vysarn Ltd (ASX: VYS)
The Vysarn share price is 98 cents, down 0.5% today.
Vysarn delivers production services to the resources, utilities, and construction sectors.
Morgans upgraded this ASX materials small-cap share after Vysarn announced an acquisition.
The broker lifted its rating from speculative buy to buy.
It also raised its target price from 90 cents to $1.10.
This implies a potential 12% upside ahead.
Morgans said:
VYS is acquiring NewGround, adding highly accretive (~25% EPS) annuity-style earnings that, alongside greater customer-base diversification in the industrial division, materially increases earnings visibility.
The limited upfront cash component of $8.3m preserves balance sheet flexibility, providing further capacity to continue building out its integrated water-services platform via acquisitions.
Incorporating NewGround from early October, we raise our EPS forecasts in FY27 and FY28 by +19 and +24% respectively.
Reflecting the improvement in earnings quality and reduced volatility, we upgrade VYS from Speculative Buy to Buy.
While the Kariyarra asset management business carries a binary outcome, at the current share price, investors are getting this optionality for free.
The post 4 ASX shares upgraded by brokers this week appeared first on The Motley Fool Australia.
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More reading
- 3 ASX small-cap shares to buy: Morgans
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- Here are the top 10 ASX 200 shares today
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 JPMorgan Chase and Jefferies Financial Group. The Motley Fool Australia has recommended Vysarn. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.