S&P/ASX 200 Index (ASX: XJO) shares are 0.25% higher at 9,075.3 points on Thursday.
As earnings season continues, brokers have lowered their ratings on several ASX 200 shares this week.
Let’s see a sample.
BHP Group Ltd (ASX: BHP)
The BHP share price is $65.29, up 2.5% today and up 56% over 12 months.
Morgans downgraded BHP shares after the miner’s FY26 report.
The broker lowered its 12-month price target from $59.80 to $55.30.
This suggests a potential 15% downside ahead.
Northern Star Resources Ltd (ASX: NST)
The Northern Star Resources share price is $23.99, up 6.4% today and up 32% over 12 months.
Citi downgraded the ASX 200 gold share to a hold call after the miner’s FY26 report.
The broker has a price target of $24.30, indicating just a 1% upside over the next 12 months.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo share price is $1, down 1.8% today and down 45% over 12 months.
Jarden downgraded the ASX 200 bank share to a sell rating after its FY26 report.
The broker has a $1.25 target, implying a potential 25% upside ahead.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is $4.25, up 2.4% today and down 82% over 12 months.
Morgan Stanley downgraded the ASX 200 consumer discretionary share to a hold rating on Thursday.
This followed the online furniture retailer’s FY26 report.
The broker has a 12-month price target of $4.23, suggesting a 13% upside from here.
Endeavour Group Ltd (ASX: EDV)
The Endeavour share price is $3.50, up 2.6% today and down 17% over 12 months.
Bell Potter downgraded the ASX 200 consumer staples share to a hold call with a $3.60 target.
This followed the liquor and hotel operator’s unaudited preliminary results for FY26.
The target implies just 3% potential upside ahead.
QBE Insurance Group Ltd (ASX: QBE)
The QBE share price is $21.75, down 4% today and up 0.8% over 12 months.
Jarden downgraded the ASX 200 financial share to a sell rating after the insurer’s 1H FY26 report.
The broker has a $20.30 target, indicating a 6% downside ahead.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is $7.50, down 0.7% today and up 17% over 12 months.
Morgans downgraded the ASX 200 coal share from buy to hold after the miner’s FY26 report.
The broker reduced its 12-month price target from $8.50 to $8.05.
This implies a potential 7% upside ahead.
The broker said:
The effects of poor coal prices in the 1H provided a significant headwind for the full-year result.
FY27 guidance was softer than expected, with production growth appearing limited given the unchanged upper end of group guidance, while both costs and capital expenditure expectations have moved higher.
HomeCo Daily Needs REIT (ASX: HDN)
The HomeCo Daily Needs REIT is $1.15 per share, down 0.4% today and down 13% over 12 months.
Jefferies downgraded the real estate investment trust (REIT) to a hold rating this week.
The change came after HomeCo’s FY26 report.
The broker lowered its price target from $1.44 to $1.30.
This suggests potential capital growth of 13% over the next year.
Reliance Worldwide Corp Ltd (ASX: RWC)
The Reliance share price is $4.83, down 0.6% today and up 4% over 12 months.
Jarden downgraded Reliance shares to a hold call after the company released its FY26 report and revealed a takeover offer of $4.75 per share.
The broker increased its target price from $4.25 to $4.75.
This implies a potential 8% upside ahead.
Imdex (ASX: IMD)
The Imdex share price is is $3.85, up 3.2% today and up 15% over 12 months.
Imdex provides cloud-connected devices and solutions that help miners find, define, and mine ore bodies.
Bell Potter downgraded the ASX 200 materials share to a hold rating on Tuesday.
This followed Imdex’s FY26 report.
The broker reduced its 12-month price target from $4.60 to $4.
This suggest a potential 4% upside ahead.
The post 10 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.
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More reading
- 7 ASX 200 shares with reaffirmed buy ratings this week
- My top 5 ASX 200 shares to buy and hold
- Why Megaport, Northern Star and Zip shares are turning heads on Thursday
- 2 ASX shares tipped to grow 40% or more in the next 12 months
- Here’s how experts view Whitehaven Coal and BHP shares after full-year results
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 Temple & Webster Group. The Motley Fool Australia has recommended BHP, HomeCo Daily Needs REIT and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.