Downgrade alert! 4 ASX shares re-rated by experts this week

S&P/ASX 200 Index (ASX: XJO) shares are down 0.4% to 8,777.5 points on Thursday.

This week, brokers downgraded four ASX shares and recalculated their 12-month price targets on them.

Let’s check them out.

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo Interactive share price is $6.31, down 14.3% today.

Over the past six months, this ASX 200 consumer discretionary share has fallen 44%.

Morgan Stanley downgraded Jumbo Interactive shares to a hold rating yesterday.

The broker slashed its 12-month price target from $14.50 to $8.40.

This still implies a big potential upside of more than 30% ahead.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is 82 cents, down 5.2% today.

In the calendar year to date (YTD), this ASX energy share has fallen 30%.

Oil prices have retreated to pre-war levels after the US and Iran signed an interim peace deal.

Morgans downgraded Beach Energy shares to a sell rating this week.

The broker said:

After downgrading our Q4 estimates for daily production rates, we see potential for BPT to fall just short of its FY27 group production guidance.

While BPT’s share price has already been under pressure, its earnings outlook has declined at a faster rate, with its forward EV/EBITDA actually rising.

The broker cut its 12-month price target from $1.10 to 81 cents.

This suggests the stock is already fully priced.

Amcor CDI (ASX: AMC)

The Amcor share price is $60.94, up 4% today.

Over the past month, this ASX 200 materials share has ripped 11% higher.

Morgans downgraded Amcor shares from a buy to an accumulate rating this week.

The broker explained:

Following its merger with Berry Global in April 2025, AMC identified a non-core portfolio of ~US$2.5bn in revenue.

These lower-growth or lower-margin businesses where AMC lacks scale or leadership positions are expected to be divested over time via cash sales or joint ventures/partnerships.

While there is a range of scenarios that can play out, using conservative assumptions, we estimate the combined non-core portfolio could be worth ~US$1.8bn.

To date, AMC has reached agreements to sell six businesses for a combined value of ~US$500m.

AMC plans to use proceeds from non-core asset sales to reduce leverage, which stood at 3.8x at the end of 3Q26.

While management expects leverage to end FY26 at 3.4-3.5x, the stretched balance sheet remains a key investor concern.

Morgans kept its 12-month price target of $65.40, indicating 7% potential upside ahead.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is $2.04, up 1.8% today and down 0.3% over six months.

Centuria Capital Group is a funds manager that specialises in property investment and investment bonds.

MA Financial Group downgraded the ASX real estate share to a hold recommendation on Tuesday.

The broker has a 12-month price target of $2.18.

This suggests a potential 7% upside ahead.

The post Downgrade alert! 4 ASX shares re-rated by experts this week appeared first on The Motley Fool Australia.

More reading

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• Why Aurelia Metals, Beach Energy, IAG, and Rio Tinto shares are falling today
• 5 things to watch on the ASX 200 on Wednesday
• Buy, hold, sell: How does Morgans rate these ASX shares?

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 Jumbo Interactive. The Motley Fool Australia has positions in and has recommended Amcor Plc. The Motley Fool Australia has recommended Jumbo Interactive and Ma Financial Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.