
S&P/ASX 200 Index (ASX: XJO) shares fell by almost 3% last week amid soaring oil prices and higher bond yields.
The ASX 200 closed at a 10-week low of 8,741.2 points on Friday.
Here are some fresh stock ratings from the experts.
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price increased 9.33% to $2.46 last week.
Corporate Travel Management resumed trading on 3 September after reporting its audited FY25 and FY26 figures.
The stock was suspended in August last year.
Morgans resumed coverage of this ASX travel share with a buy rating and a 12-month price target of $3.06.
The broker said:
Material earnings restatements have been made. Following years of overcharging clients, CTD will refund them A$246m by 30 September 2027, supported by its new A$175m debt facility. FY27 guidance will be provided at the AGM.
We forecast earnings to fall materially due to a higher AUD, reduced special project work and higher corporate costs. Earnings growth should resume from FY28 given new management’s strategy.
The acceleration of new client wins in the first two months of FY27 is encouraging.
Given what has gone on, it will take time for confidence to rebuild and risks remain. However, we think CTD is a turnaround story under new leadership with material upside potential if it executes.
Wesfarmers Ltd (ASX: WES)
The Wesfarmers share price fell 6.32% to $72.82 last week.
James Bills from Shaw and Partners has a hold rating on this ASX 200 consumer discretionary share.
Bills said (courtesy The Bull):
Wesfarmers remains one of Australia’s premier diversified companies. It’s supported by market leading businesses, including Bunnings, Kmart and Officeworks.
The company’s strong balance sheet, disciplined capital allocation and resilient earnings profile continue to underpin shareholder value.
While growth opportunities remain available across several divisions, recent share price levels appear to reflect much of this quality.
Holding Wesfarmers remains appropriate given the company’s strong market position, dependable cash generation and proven ability to create value over the long term.
Fortescue Ltd (ASX: FMG)
The Fortescue share price declined 3.19% to $16.67 last week.
Joshua Baker from RaaS Group has a sell rating on this ASX 200 mining share.
Baker said:
The iron ore producer generated revenue of $US16.966 billion in full year 2026, up 9 per cent on the prior corresponding period.
Statutory net profit after tax of $US2.860 billion was down 15 per cent, which included a $US525 million non-cash impairment charge relating to the Iron Bridge project and a $US73 million compensation claim expense.
The final, fully franked dividend of 46 cents a share was down from 60 cents a year ago.
Capital expenditure and investment guidance for full year 2027 is forecast to increase over full year 2026.
The outlook for the iron ore price isn’t as appealing as other commodities.
The share price has fallen from $22.99 on May 14 to $17.22 on September 10.
The post Buy, hold, sell: Corporate Travel Management, Wesfarmers, Fortescue shares 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 Corporate Travel Management and Wesfarmers. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

