Buy, hold, sell: CBA, Capstone Copper, Codan shares

S&P/ASX 200 Index (ASX: XJO) shares are up 0.4% to 8,651 points on Friday.

Let’s take a look at some new ratings from the experts.

Codan Ltd (ASX: CDA)

The Codan share price is $67.64, up 0.2% today and up 111% over six months. 

Bell Potter has a buy rating on this ASX 200 tech share. 

In a new note, the broker said:

CDA has provided a 1H27 trading update which reflects an acceleration in the strong momentum seen at the August 20, 2026 result.

Communications: Elevated demand is expected to drive substantial operating leverage, resulting in a 1H27 EBIT margin of 40% (2H26 34.3%). CDA has upgraded full year FY27 Communications revenue growth target range to 30-40% from 20%.

Metal detection: Minelab 1H27 revenue run-rate is now slightly above 2H26 levels an improvement from August 20 where it was tracking in line. The strong momentum is driven by recently launched GPZ 8000 and Gold Monster 2000 detectors, a favourable gold price and the continued expansion of ROW.

Group: CDA continues to actively seek ways to mitigate potential supply chain related constraints resulting from the order momentum in both the Communications and Minelab businesses. CDA currently expects to achieve NPAT for 1H27 of not less than $160m.

Capstone Copper Corp CDI (ASX: CSC)

The Capstone Copper share price is $14.08, up 0.1% today and up 28% over six months. 

Ord Minnett downgraded the ASX 200 copper share from hold to buy this week.

In a new note, the broker said:

Capstone Copper (CSC) has agreed to sell its Cozamin mine to Luca Mining Corp. in a transaction worthup to US$385 million, with completion expected in the December quarter 2026.

While the sale of the asset was widely anticipated, the final consideration was below market expectations of around US$530 million. 

Importantly, the transaction strengthens CSC’s balance sheet and improves its ability to fund the large Santo Domingo copper project, where a final investment decision is targeted for late 2026. 

With the upside more limited from here, we lower our recommendation on CSC to Hold from Buy, but note that copper prices are currently stronger than our long-term assumption of US$5.50/lb which should provide valuation support.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is $150.57, up 0.6% today and down 13% over six months.

John Athanasiou from Red Leaf Securities has a sell rating on this ASX 200 bank share. 

He explained (courtesy of The Bull): 

CBA is Australia’s highest quality major bank, but, in my view, quality doesn’t always represent value.

Its premium valuation leaves limited room for disappointment as rising interest rates potentially slow credit growth and increase borrower stress.

Investors could use the opportunity to take profits and consider better-value alternatives elsewhere in the banking sector.

The post Buy, hold, sell: CBA, Capstone Copper, Codan shares appeared first on The Motley Fool Australia.

More reading

• Why I’d buy CBA and Coles shares in October
• If I invest $10,000 in ANZ shares, what passive income could I receive in FY27?
• Here are the top 10 ASX 200 shares today
• Which were the best-performing ASX 200 shares in September?
• Codan vs Xero: Which ASX tech stock is the better buy in October?

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.