S&P/ASX 200 Index (ASX: XJO) shares are down 0.3% to 8,780.1 points on Thursday.

Meanwhile, three experts have revealed their views on three ASX 200 shares.

Let’s see what they think. 

Karoon Energy Ltd (ASX: KAR)

The Karoon Energy share price is $1.29, down 5.8% today and down 17% in the calendar year to date (YTD). 

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.

Citi reiterated its buy rating on this ASX 200 energy share but cut its 12-month target from $2.50 to $1.75.

Last week, oil prices slumped back to pre-war levels after the US and Iran signed an interim deal and began new talks in Switzerland.

Brambles Ltd (ASX: BXB)

The Brambles share price is $19.57, up 2.6% today, and down 14% YTD.

Christopher Watt from Bell Potter has a hold rating on this ASX 200 industrials share. 

On The Bull, Watt explained: 

The underlying franchise remains high quality, but a recent trading update introduced uncertainty around supply constraints, freight costs, plant inefficiencies and softer conditions in parts of Europe, Middle East and Africa.

Management has presented a credible plan to improve capacity through new pallets and service centres, but the financial recovery may take longer than the operational fix.

With earnings expectations still at risk, the outlook is balanced.

REA Group Ltd (ASX: REA)

The REA share price is $133.43, up 1.4% today and down 28% YTD. 

Michael Ardrey from Bell Potter has a sell rating on this ASX 200 communications share. 

REA expects no growth in home values across the combined capital cities in CY26, and a rebound to 5.5% growth in CY27.

Ardrey explained the broker’s reiterated sell recommendation: 

Our thesis rests on REA’s share price declining from a reduction in EPS forecasts in-line with market pricing, driven by: (1) Elevated near-term RBA cash rate forecast driving softening in demand for lending, (2) Recent budget measures adversely impacting investment in property as an asset class, largely in the investor book partially offset by owner-occupied; (3) Both factors combining to negatively impact average national dwelling values and listing volumes more than offsetting Buy yield for REA; and (4) REA’s history of EPS declines in a falling 12-mth average dwelling price environment.

The analyst gave REA shares a 12-month target of $133, down from $137.

The post Buy, hold, sell: Karoon Energy, Brambles, REA shares appeared first on The Motley Fool Australia.

More reading

• Why these top fundies are buying REA and TechnologyOne shares
• Brambles shares: Buy, hold or sell?
• These ASX 200 shares are down 40% to 65% and could be bargain buys
• REA shares fall 43% to a three-year low. Is it time to buy?
• 3 ASX growth shares to buy next month

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 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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form and in the red. At the time of writing, the benchmark index is down 0.4% to 8,773.8 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is down 40% to 92.5 cents. Investors have been selling the small business lender’s shares after it increased its cost of risk and downgraded its earnings guidance. Judo Capital now expects its FY 2026 cost of risk to be in the range of $116 million to $122 million. This has been driven by three exposures across different sectors that have recently emerged. As a result, Judo Capital now expects its profit before tax in FY 2026 to be between $163 million and $169 million. This is down meaningfully from its previous guidance of between $180 million and $190 million. The company’s CEO, Chris Bayliss, said: “While today’s update is partly a result of the macro environment, it is nevertheless disappointing.”

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is down almost 12% to 83.5 cents. The gold industry is a sea of red on Thursday following another pullback in the gold price. This has seen the S&P/ASX All Ords Gold Index drop 5% today. In other news, this morning, Minerals 260 released results from the ongoing drilling program at its 100% owned 4.5Moz Bullabulling Gold Project. It is possible that some investors were expecting stronger results than those that were released.

Santos Ltd (ASX: STO)

The Santos share price is down 3% to $7.03. Investors have been selling energy shares today following another pullback in oil prices overnight. Traders were selling oil after tankers continued to pass through the Strait of Hormuz. The S&P/ASX 200 Energy Index is down 2.5% this afternoon.

Worley Ltd (ASX: WOR)

The Worley share price is down almost 9% to $11.20. This morning, this professional services company revealed that the Middle East conflict has continued to impact its earnings. Worley now estimates the impact to FY 2026 underlying EBITA to be up to $60 million. This is up materially from its previous estimate of $30 million to $40 million. It explains: “The extended duration and ongoing impact of the Middle East conflict continues to cause disruption to the progress of existing projects. While there have been no project cancellations, customers continue to delay the commencement and award of new projects.”

The post Why Judo Capital, Minerals 260, Santos, and Worley shares are dropping today appeared first on The Motley Fool Australia.

More reading

• Worley shares crash 9% as Middle East earnings hit gets worse
• Which ASX 200 bank stock is crashing 46% on profit guidance downgrade?
• Worley flags FY26 earnings hit from Middle East delays and currency impact
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor James Mickleboro 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.

Mineral Resources Ltd (ASX: MIN), A2 Milk Co Ltd (ASX: A2M), and Pro Medicus Ltd (ASX: PME) shares are turning heads today.

As we head into the Thursday lunch hour, two of the ASX 200 heavyweights are charging ahead of the 0.2% losses posted by the S&P/ASX 200 Index (ASX: XJO) at this time, while one is trailing that performance.

Here’s what’s grabbing ASX investor interest on Thursday.

Pro Medicus shares leap on AI news

Pro Medicus shares are up 2.5% at the time of writing, swapping hands for $183.40 each.

This outperformance follows an announcement from the ASX 200 health imaging company on how it is expanding its AI-driven cardiology solutions.

In the latest move, Pro Medicus has signed binding heads of agreement with AI and medical technology company Echo IQ Ltd (ASX: EIQ).

The deal would see Pro Medicus take an initial $10 million stake in Echo IQ. A further $10 million investment is contingent on Echo securing US FDA approval for its EchoSolv HF product.

Commenting on the deal that’s helping boost Pro Medicus shares today, CEO Sam Hupert said:

In addition to providing financial backing, we are looking to offer our Visage 7 Cardiology customers the option of Echo IQ’s technology.

This is in line with our AI strategy of offering a curated suite of algorithms that will be a mixture of algorithms created by us, those created in conjunction with our clinical partners and third party algorithms such as Echo-IQ.

A2 Milk shares surge on NZ$300 million special dividend

A2 Milk shares are also catching investor attention today, and outperforming, after the board declared a NZ$300 million fully-franked special dividend.

The welcome passive income boost follows the recent Chinese approval to transition product registrations to A2 Milk-branded infant formula.

And it sees shares in the infant formula company up 4.1% today, trading for $7.13 each.

Breaking that NZ$300 million dividend payout down, it equates to 41.36 New Zealand cents per share (33.90 Aussie cents at current exchange rates).

If you want to bag the special A2 Milk dividend, you’ll need to own shares by market close on 7 July. A2 Milk shares trade ex-dividend on 8 July.

Commenting on the special dividend payout boosting A2 Milk shares today, chair Pip Greenwood, said:

With the necessary China regulatory approvals now in place, the board is pleased to declare a $300 million special dividend. This reflects our commitment to delivering shareholder returns while maintaining disciplined capital management.

Which brings us to…

Mineral Resources shares sink on mine closure

Joining A2 Milk and Pro Medicus shares in grabbing headlines today is lithium miner and diversified resources producer Mineral Resources.

However, Mineral Resources shares are underperforming today, down 2.9% at $63.93 apiece.

This comes amid news that the ASX 200 mining stock is placing its Western Australia-based Lucky Bay Garnet Project into care and maintenance at the end of the month.

Mineral Resource noted:

The mine’s financial performance has been materially impacted by ongoing conflict in the Middle East, a region representing a significant proportion of Lucky Bay’s sales.

Combined with materially higher diesel and shipping costs, a strategic review of Lucky Bay has determined it is in the best interests of the company and its shareholders to cease operations and transition the project into care and maintenance, effective 1 July 2026.

The post Why is everyone talking about Mineral Resources, A2 Milk and Pro Medicus shares on Thursday? appeared first on The Motley Fool Australia.

More reading

• Why A2 Milk, EchoIQ, Lendlease, and Qantas shares are racing higher today
• Up 218% in a year, Mineral Resources shares sinking today amid mine closure news
• A deal with Pro Medicus has turned this ASX biotech into a 10-bagger, up more than 30% today
• A2 Milk shares jump amid $300 million special dividend
• Pro Medicus shares jump again as AI deal adds fuel to 40% rally

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.