S&P/ASX 200 Index (ASX: XJO) shares are 0.06% lower at 8,722.8 points on Thursday.
Brokers have reduced their ratings on numerous ASX 200 shares this week.
Let’s see a sample.
Viva Energy Group Ltd (ASX: VEA)
The Viva Energy Group share price is $3.21, down 0.2% today.
Over the past month, this ASX 200 energy share has risen 5%.
UBS downgraded Viva Energy shares to a hold rating on Tuesday.
The broker increased its 12-month price target from $2.90 to $3.20.
This implies the stock is fully valued already.
South32 Ltd (ASX: S32)
The South32 share price is $4.54, down 4.3% today.
Over the past month, this ASX 200 mining share has fallen 7%.
Morgan Stanley downgraded South32 shares to a hold rating on Monday.
The broker lifted its 12-month price target from $5.10 to $5.20.
This suggests a potential 15% upside ahead.
TechnologyOne Limited (ASX: TNE)
The TechnologyOne share price is $30.53, down 2.2% today.
Over the past month, this ASX 200 tech share has ascended 7%.
RBC Capital downgraded TechnologyOne shares to a hold rating on Monday.
The broker shaved its 12-month price target from $33 to $32.
This implies a potential 5% upside ahead.
Sandfire Resources Ltd (ASX: SFR)
The Sandfire Resources share price is $20.16, down 4.4% on Thursday.
Over the past month, this ASX 200 copper share has edged 2% lower.
Morgan Stanley downgraded Sandfire Resources shares to a sell rating this week.
The broker raised its price target slightly from $20 to $20.35.
This indicates a potential gain of just 1% over the next year.
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is $1.22, down 1.8% today.
Over the past month, this S&P/ASX 300 Index (ASX: XKO) uranium share has tumbled 18%.
Jefferies downgraded Boss Energy shares to a hold rating this week.
The broker reduced its 12-month price target from $1.85 to $1.70.
This suggests a potential 39% upside ahead.
Sonic Healthcare Ltd (ASX: SHL)
The Sonic Healthcare share price is $18.35, down 0.1% today.
Over the past month, this ASX 200 healthcare share has fallen 5%.
Goldman Sachs downgraded Sonic Healthcare shares to a hold call this week.
The broker slashed its price target from $23.70 to $19.20.
This suggests potential capital growth of 5% over the next year.
The post 6 ASX shares hit by broker downgrades this week appeared first on The Motley Fool Australia.
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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 Goldman Sachs Group and Jefferies Financial Group. The Motley Fool Australia has recommended Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.