S&P/ASX 200 Index (ASX: XJO) shares are 0.3% lower at 9,055.3 points on Friday.
As earnings season continues, brokers have declared greater confidence in several ASX 200 shares this week.
Let’s review.
A2 Milk Company Ltd (ASX: A2M)
The A2 Milk share price is $6.76, up 0.8% today and down 23% over 12 months.
Over the past month, this ASX 200 consumer staples share has fallen 4%.
Citi upgraded A2 Milk shares to a buy rating on Tuesday.
The rating change came after A2 Milk released its FY26 results.
The broker increased its 12-month price target from $7 to $7.40.
This implies a potential 9% upside ahead.
CSL Ltd (ASX: CSL)
The CSL share price is $167.94, down 1.9% today and down 26% over 12 months.
This ASX 200 healthcare share has ripped 38% amid a broader sector rebound over the past month.
Jarden upgraded CSL shares to a buy rating following the company’s FY26 report.
The broker has a 12-month price target of $207, suggesting 23% upside ahead.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is $7.88, up 1% today and down 10% over 12 months.
Over the past month, this ASX 200 financial share has fallen 6%.
Citi upgraded IAG shares to a buy call following the insurer’s FY26 results.
The broker reduced its 12-month price target from $9 to $8.80.
This implies a potential 11% upside ahead for IAG shares.
Fortescue Ltd (ASX: FMG)
The Fortescue share price is $17.88, down 0.4% today and down 9% over 12 months.
Over the past month, this ASX 200 iron ore mining share has fallen 4%.
Jefferies upgraded Fortescue shares to a hold rating yesterday.
This followed Fortescue’s FY26 earnings report.
Jefferies has a 12-month price target of $16.
This suggest a potential 10% downside ahead.
Megaport Ltd (ASX: MP1)
The Megaport share price is $18.50, down 4.2% today and up 34% over 12 months.
Over the past month, this ASX 200 tech share has fallen 2%.
Morgan Stanley upgraded Megaport shares to a buy rating with a $25 target today.
The change followed Megaport’s FY26 report this week.
This implies a potential 35% upside ahead.
Mirvac Group (ASX: MGR)
The Mirvac share price is $1.90, down 0.2% today and down 21% over 12 months.
Over the past month, this ASX 200 real estate share has risen 10%.
Jefferies upgraded Mirvac shares to a buy call after reviewing the developer’s FY26 report.
The broker raised its 12-month price target from $1.80 to $2.09.
This indicates potential capital gains of 9% over the next year.
Treasury Wine Estates Ltd (ASX: TWE)
The Treasury Wine Estates share price is $5.64, up 0.9% today and down 31% over 12 months.
Over the past month, this ASX 200 wine share has skyrocketed 22%.
Morgans upgraded Treasury Wine Estates shares after reviewing the company’s FY26 earnings.
The broker increased its 12-month target from $5.95 to $7.30.
This suggests a possible 30% upside ahead.
Bendigo and Adelaide Bank Ltd (ASX: BEN)
The Bendigo and Adelaide Bank share price is $10.33, up 1.1% today and down 21% over 12 months.
Over the past month, this ASX 200 bank share has fallen 3%.
Jarden upgraded Bendigo Bank shares to a buy rating after the bank released its FY26 report.
The broker has an $11 target, which implies about 6% upside ahead.
Further reading
Check out 10 ASX 200 shares downgraded by analysts this week.
Learn of 7 ASX 200 shares that received reaffirmed buy ratings this week.
The post 8 ASX shares just upgraded by the experts appeared first on The Motley Fool Australia.
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More reading
- 16 ASX 200 shares with ex-dividend dates next week
- 3 ASX 200 stocks, including CSL, leaping 15% to 23% in this week’s sliding market
- 3 ASX shares UBS says will return better than 36%
- Buy, hold, sell: Fortescue, Northern Star, and Megaport shares
- Are Fortescue shares in the buy zone after its 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 CSL, Jefferies Financial Group, Megaport, and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank and Treasury Wine Estates. 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.