S&P/ASX 200 Index (ASX: XJO) shares slipped into the red at lunchtime on Friday.
ASX 200 shares are currently down 0.003% to 8.748.4 points.
Meanwhile, brokers have indicated new confidence in several ASX shares this week.
Here are six stocks that have been upgraded.
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is $12.05, down 0.08% today.
Over the past month, this ASX 200 consumer discretionary share has ripped 22%.
Jarden upgraded Flight Centre shares to a buy rating with a $15.90 target price.
This suggests a potential 30% upside ahead.
Karoon Energy Ltd (ASX: KAR)
The Karoon Energy share price is $1.27, down 1.5% today.
Karoon Energy shares tumbled 11% last Tuesday when the company issued production downgrades.
Calendar year 2026 total production guidance was revised to a range of 7.2 MMboe to 8.2 MMboe.
That’s down from 8.1 MMboe to 9.2 MMboe previously.
Macquarie upgraded the ASX 200 energy share to a hold rating this week.
The broker’s 12-month target is $1.50, suggesting an 18% upside ahead.
Oil prices have slumped back to pre-war levels following the signing of the US-Iran interim peace deal.
Iluka Resources Ltd (ASX: ILU)
The Iluka Resources share price is $6.95, down 3.2% today.
This ASX 200 mining share has risen 18% in the calendar year to date (YTD).
Canaccord Genuity upgraded Iluka Resources shares to a buy rating on Wednesday.
The broker upped its 12-month price target from $8.10 to $8.45.
This implies a potential 20% upside ahead.
Baby Bunting Group Ltd (ASX: BBN)
The Baby Bunting share price is $1.41, up 0.7% today.
Over the past six months, this ASX consumer discretionary share has tumbled 43%.
Ord Minnett upgraded Baby Bunting shares on Thursday.
The broker has a 12-month price target of $2.30.
This implies a potential 60% upside ahead.
Collins Foods Ltd (ASX: CKF)
The Collins Food share price is $8.16, down 1.3% on Friday.
Over the past six months, the KFC fast food restaurant operator has lost 23% of its market valuation.
Citi upgraded Collins Foods shares to a buy rating on Tuesday.
The broker shaved its 12-month price target from $10.45 to $10.30.
This indicates capital gains of 26% over the next year.
Sims Ltd (ASX: SGM)
The Sims share price is $28.13, up 0.3% today.
Over the past month, this ASX industrial share has ascended 15%.
Jefferies upgraded Sims shares to a hold rating this week.
The broker has a 12-month price target of $31.
This indicates a potential 10% upside over the next year.
The post 6 ASX shares with upgraded ratings from experts this week appeared first on The Motley Fool Australia.
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Citigroup 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 Jefferies Financial Group and Macquarie Group. The Motley Fool Australia has recommended Collins Foods, Flight Centre Travel Group, and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.