Tag: Stock pick

It has been another busy week for many of Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone right now:

Goodman Group (ASX: GMG)

According to a note out of Bell Potter, its analysts have retained their buy rating on this industrial property company’s shares with a trimmed price target of $36.45. It notes that Goodman delivered earnings ahead of consensus expectations during the first half. However, that wasn’t enough to stop its shares from being sold off. Bell Potter believes this selling reflects the lack of earnings upgrade, which it notes has featured at the half-year result in 8 of the last 10 years. In addition, it feels that the market is looking for further milestones with its data centre developments, particularly regarding tenant customer signings and clarity on profit-realising milestones to track delivery progress. The Goodman share price is trading at $30.30 on Friday afternoon.

Hub24 Ltd (ASX: HUB)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this investment platform provider’s shares with a trimmed price target of $120.00. Bell Potter highlights that Hub24 delivered a strong first-half result that outperformed on almost all fronts. But the key takeaway from the result for the broker was the large step up in existing adviser net inflows. It believes this suggests that its share of wallet has only started to improve. It also points out that adviser density has increased and AI is expected to lift deployment velocity for the new ecosystem. All in all, the broker believes this leaves it well-positioned for growth in the coming years. The Hub24 share price is fetching $98.79 at the time of writing.

Lovisa Holdings Ltd (ASX: LOV)

Analysts at Morgans have retained their buy rating on this fashion jewellery retailer’s shares with a trimmed price target of $36.80. The broker notes that Lovisa reported a strong underlying half-year result with EBIT up 20.4%. This was ~6% ahead of its expectations, driven by store network growth and strong gross margins. It was pleased to see the pace of its store rollout continue with a net of 64 new stores, bringing the total count to 1,095. In response, the broker has increased its earnings estimates for FY 2026 and FY 2027. So, with its shares pulling back meaningfully recently and trading at 27x estimated FY 2027 earnings, the broker sees this as a buying opportunity for investors. The Lovisa share price is trading at $26.34 this afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares storming 22% to 29% higher this week
• Why Goodman shares could be heading 20%+ higher
• Bullish or bearish? Bell Potter gives its verdict on this high-flying ASX 200 stock
• Buy, hold, or sell? Goodman Group, Wesfarmers, Zip shares
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor James Mickleboro has positions in Goodman Group and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, Hub24, and Lovisa. The Motley Fool Australia has recommended Goodman Group, Hub24, and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX 200 financial shares are outperforming on Friday.

The S&P/ASX 200 Financials Index (ASX: XFJ) is currently up 0.2% while the S&P/ASX 200 Index (ASX: XJO) is down 0.16%.

As earnings season continues, the following two financial sector companies have revealed their latest reports.

The reports prompted experts to reassess their ratings and 12-month price targets on these ASX 200 financial shares.

Let’s take a look.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is 2.2% higher at $7.11 on Friday.

Last week, the insurance giant reported a 23% revenue lift to $11.14 billion but a 35.1% decrease in net profit after tax (NPAT) for 1H FY26.

After reviewing the numbers, the experts have revised their ratings and 12-month targets.

Jarden reiterated its buy rating and shaved its share price target down from $8.20 to $8.10.

Jefferies also kept a buy rating with a price target of $9.20.

JP Morgan kept its buy rating on IAG shares with a price target of $7.70.

Macquarie reiterated its buy rating with a price target of $9.

UBS maintained its buy rating with a price target of $9.

Morgan Stanley kept its hold rating and reduced its price target from $8.45 to $7.50.

The IAG share price reached an all-time high of $9.18 in June 2025.

AMP Ltd (ASX: AMP)

The AMP share price is down 1% to $1.36 at the time of writing.

Last week, AMP reported its full-year FY25 results.

AMP reported a 20.8% lift in underlying NPAT to $285 million, but an 11.3% fall in statutory NPAT to $133 million.

The wealth manager said the statutory NPAT decline reflected legacy legal settlements.

The AMP share price tumbled 27% on the news and experienced its biggest intraday fall since 2003.

Brokers have reviewed the report and reassessed their ratings and targets.

Jarden upgraded AMP shares to a buy but reduced its 12-month price target from $1.85 to $1.65.

Morgan Stanley retained its buy rating on the ASX 200 financial share with a lowered price target of $1.90 (from $2.20).

Jefferies also kept a buy rating with a price target of $1.75.

Ord Minnett upgraded AMP shares to a buy but cut its target from $2.05 to $1.65.

Citi reiterated its buy rating but reduced its 12-month price target from $2.10 to $1.80.

UBS maintained its buy rating and lowered its target from $1.90 to $1.75.

Macquarie kept its buy rating with a price target of $1.80.

The AMP share price hit a 52-week high of $13.73 in August 2025.

The post Brokers re-rate IAG and AMP shares after earnings results appeared first on The Motley Fool Australia.

More reading

• 16 ASX shares going ex-dividend next week
• ASX recap: 5 most traded shares last week
• Is the AMP share price a buy after the huge sell-off?
• Prediction: IAG shares could jump to $10 in 2026
• Here are the top 10 ASX 200 shares today

Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase 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 JPMorgan Chase, Jefferies Financial Group, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Paladin Energy Ltd (ASX: PDN) share price resumed trading on Friday after the uranium producer lifted its halt.

At the time of writing, the Paladin share price is up 3.7% to $13.72, extending its strong run in 2026. Even before today’s move, the stock was already up close to 40% this year.

The trading halt was requested pending an update on the company’s Patterson Lake South (PLS) Project in Canada.

Now that the announcement has landed, here’s what investors need to know.

Key approval secured for PLS project

According to the release, Paladin confirmed it has received Ministerial approval for its Environmental Impact Statement (EIS) for the PLS Project in Saskatchewan.

The approval was granted under Saskatchewan’s Environmental Assessment Act and marks a major regulatory milestone for the high-grade uranium project in the Athabasca Basin.

The EIS approval is required before the company can secure provincial permits and licences needed for construction and operation.

Paladin said it will now continue working with the Canadian Nuclear Safety Commission through the federal licensing process. At the same time, it will advance the technical work required to support future construction approval.

Management described the decision as an important step forward for the project.

What today’s decision changes for Paladin

Today’s announcement moves Patterson Lake South into the next stage of regulatory progress.

Environmental approval does not mean construction begins immediately. However, it clears a major provincial hurdle and allows the company to focus on federal licensing and detailed planning work.

Large uranium projects can spend years navigating environmental reviews. With this milestone complete, the remaining pathway is more defined.

It also creates clearer project sequencing. Langer Heinrich is ramping up in Namibia, while PLS now advances through formal approvals in Canada. The company is progressing from a single-asset recovery toward a staged project development.

Foolish takeaway

Paladin shares have rallied strongly this year as uranium fundamentals improve and production ramps up.

Today’s environmental approval for Patterson Lake South is another step forward. While further work remains before construction begins, the project is now firmly on a defined path toward development.

Uranium is currently trading around US$89 per pound, after recently hitting a near-2-year high above US$100. Although prices have eased from that peak, they remain well above levels seen in recent years.

With the Paladin share price around $13.72, the company now has a market capitalisation of roughly $5 billion. That valuation reflects both its producing asset in Namibia and expectations around future growth.

The post Paladin share price jumps after major Canadian project approval appeared first on The Motley Fool Australia.

More reading

• Paladin share price on ice pending major announcement
• Here are the top 10 ASX 200 shares today
• These two uranium stocks are worth a look, this broker says
• Top brokers name 3 ASX shares to buy today
• This top ASX uranium stock could rise 30%+

Motley Fool contributor Aaron Teboneras 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.

PWR Holdings Ltd (ASX: PWH) shares are having a strong finish to the week.

In afternoon trade, the heavily shorted ASX 300 stock is up 12% to $9.85.

Why is this ASX 300 stock jumping?

Investors have been buying the advanced cooling technology company’s shares today following the release of its half-year results after the market close on Thursday.

For the six months ended 31 December, the ASX 300 stock reported a 27.8% increase in revenue to $80.4 million. This was driven by higher volumes across the Motorsports and Aerospace and Defence (A&D) market sectors.

Motorsport revenue increased 40% during the period, supported by broader category adoptions of PWR’s proprietary core constructions. While A&D delivered 31% revenue growth driven by Defence, Commercial Aerospace (including eVTOL) and the developing MRO market.

OEM revenue increased 18.8% in the period reflecting maturity of production programs, and Aftermarket revenue was modestly lower. This is consistent with its deliberate revision of discount structures to support margin improvement.

Growing at an even stronger rate was the company’s EBITDA, which increased 47.6% to $16.2 million. Management advised that this reflected margin expansion from improved operating leverage.

On the bottom line, PWR’s statutory net profit after tax increased 38.6% to $5.7 million. This growth rate was lower due to higher depreciation mostly related to the new Stapylton headquarters, coupled with increased finance charges on higher debt to fund the new facility.

In light of this strong profit, the ASX 300 stock’s board elected to increase its fully franked interim dividend by 50% to 3 cents per share.

Management commentary

PWR’s chairman, Kees Weel, was pleased with the transition to the Stapylton facility. He said:

The successful transition to the Stapylton facility is a significant milestone for PWR, and I acknowledge the team for delivering the project on time and within budget while maintaining operational continuity. The new facility strengthens our vertically integrated global manufacturing platform and supports long-term growth across our key markets.

The ASX 300 stock’s acting CEO, Matthew Bryson, added:

This result reflects strong revenue performance across Motorsports and Aerospace & Defence, together with the early operating leverage from our new, purpose-built Stapylton facility. The move to a significantly larger and more advanced manufacturing platform is a structural step-change for the business, positioning PWR to capture further growth in these key market sectors while strengthening our position in technically complex, niche advanced cooling markets.

Outlook

The company advised that it expects “modest NPAT margin improvement in FY26.”

Looking further ahead, it sees a pathway to NPAT margin recovery. It highlights that “strategic investment in capacity, capability and accreditations underpins growth, with margins expected to trend back toward FY24 levels over a three-to-five-year period, driven by improving operating leverage.”

The post Why this heavily shorted ASX 300 stock is jumping 12% today appeared first on The Motley Fool Australia.

More reading

• Why PWR, QBE, Telix, and Zip shares are storming higher today
• These are the 10 most shorted ASX shares
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• These are the 10 most shorted ASX shares

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 positions in and has recommended PWR Holdings. The Motley Fool Australia has positions in and has recommended PWR Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Telix Pharmaceuticals Ltd (ASX: TLX) has reported a huge jump in full year revenues while also saying it expects to easily beat that amount in the current year.

The drug company said in a statement to the ASX on Friday that full year revenue had come in at US$803 million, up 56% year on year, and at the lower end of its upsized guidance range of US$US800-$US820 million.

The company posted an operating profit of US$29.8 million, well down on the US$55.2 million achieved the previous year, with increases in research and development costs, marketing and manufacturing all taking their toll.

Revenue to soar past $1 billion

Telix provided guidance for the current year, saying it expected to turn over US$950-US$970 million ($1.35-$1.38 billion), while the company would spend US$200-US$240 million on research and development.

Managing director Dr Christian Behrenbruch said regarding the result:

Our strong commercial performance in 2025 provides a platform for continued growth across Telix’s global Precision Medicine franchise. The revenue guidance we are issuing today reflects our confidence in sustaining the momentum of our core cash generative business. Consistent with our stated strategy, we are reinvesting earnings to prioritize the acceleration of our best-in-class therapeutic pipeline, which now includes three pivotal stage trials in prostate, kidney and brain cancer. We also intend to continue to expand the Precision Medicine growth opportunity through label expansion studies and new product launches. In 2026 we are focused on delivery of these near-term priorities to further strengthen the foundations for long-term revenue and earnings growth.

Teliox said its cash balance at the end of the year was US$141.9 million.

The company said its Precision Mdeicine division grew revenue by 22%, “driven by continued increase in Illuccix volumes and successful launch of Gozellix in the U.S”.

In this division, the company earlier this week said it had submitted a marketing authorisation application (MAA) in Europe for its brain cancer imaging candidate, TLX101-Px.

The company said it had been preparing the regulatory packages for Europe and the US concurrently and was “bringing forward the European submission to meet an agreed filing date while aligning with aspects of the U.S. Food and Drug Administration (FDA) package to support the additional application”.

Telix shares were 7.9% higher following the company releasing its full year results on Friday, but they are still well short of analysts’ expectations for the shares.

RBC Capital Markets has a $17 price target for the shares, while 13 analysts surveyed by Tradingview have a range of price targets from $16.35 right up to $32.25.

The post This biotech says it will turn over more than $1 billion next year. Is it undervalued? appeared first on The Motley Fool Australia.

More reading

• Why PWR, QBE, Telix, and Zip shares are storming higher today
• Prediction: Telix shares could triple in value this year
• Why are Telix shares trading higher today?
• These 2 ASX healthcare shares could jump well over 80%
• Are these ASX shares too cheap to pass up?

Motley Fool contributor Cameron England has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

With less than half a day’s trade remaining before Friday’s closing bell, the S&P/ASX 200 Index (ASX: XJO) is up 1.8% for the week, with due thanks to these three rocketing ASX 200 shares.

Here’s why these three stocks have surged 22% to almost 29% this week.

ASX 200 shares lifting off this week

The first company making investors very happy this week is Netwealth Group Ltd (ASX: NWL).

Shares in the wealth management and technology company closed last Friday trading for $21.37. At the time of writing, shares are changing hands for $26.11 each. That sees this ASX 200 share up 22.1% for the week.

Netwealth shares closed up 13.6% on Wednesday, following the release of the company’s half-year results (H1 FY 2026).

Highlights included a 24.7% year-on-year increase in revenue to $193.8 million. And with net profit after tax (NPAT) up 19.9% to $69 million, management boosted the fully-franked interim dividend by 20% to 21 cents per share.

Moving on to the second ASX 200 share shooting the lights out this week, we have Austal Ltd (ASX: ASB).

Shares in the Aussie shipbuilder closed last week trading for $4.87 and are currently trading at $6.25 each. This puts the Austal share price up 28.5% for the week.

The bulk of those gains were delivered on Monday, when Austal shares closed up 19.5%.

That big lift followed on an even steeper sell-down last Friday. Austal shares crashed 22.8% on 13 February after the company released an update downgrading its FY 2026 earnings guidance after uncovering an accounting error.

The shipbuilder reduced its full-year EBIT guidance to $110 million, down from prior guidance of $135 million. But on Monday, bargain hunters clearly swooped in.

Which brings us to…

Leading the charge

The top performing ASX 200 share on my list for this week is Hub24 Ltd (ASX: HUB).

Shares in the fintech company closed last Friday trading for $76.57. At the time of writing, shares are changing hands for $98.55 apiece, putting the Hub24 share price up 28.8% for the week.

Shares closed up 14.2% on Thursday following the company’s half-year results report.

Investors piled into the ASX 200 share after Hub24 reported a 26% year-on-year increase in revenue to $245.9 million.

Underlying EBITDA of $104.9 million was up 35% on H1 FY 2025. And on the bottom line, the company achieved a 60% increase in NPAT to $68.3 million.

With profits up, management rewarded passive income investors with a fully-franked interim dividend of 36 cents per share, up 50% from last year’s interim payout.

The post 3 ASX 200 shares storming 22% to 29% higher this week appeared first on The Motley Fool Australia.

More reading

• Austal shares take off on new Aussie contract win
• Up 20% in 2 days, can this quality ASX share go higher?
• Bullish or bearish? Bell Potter gives its verdict on this high-flying ASX 200 stock
• Here are the top 10 ASX 200 shares today
• HUB24 shares jump 12% higher. Are the shares still a buy for 2026?

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 positions in and has recommended Hub24 and Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in PolyNovo Ltd (ASX: PNV) are pushing higher on Friday after the medical device company released its half-year results.

In mid-afternoon trade, the PolyNovo share price is up 2.99% to $1.035. Despite today’s gain, the stock remains down around 15% so far in 2026.

Here’s what the company reported for the 6 months ended 31 December 2025.

Sales growth led by US and MTX uptake

PolyNovo delivered group sales of $68.2 million for the half, up 26% on the prior corresponding period.

US sales rose 25.3% to $51.7 million, continuing to represent the bulk of revenue. The company added 95 new hospitals during the period, taking its US footprint to more than 800 hospitals.

Rest-of-world sales increased 28.3% to $16.5 million. Growth was recorded across several markets, including Australia, Canada, India, Germany, and Turkey.

NovoSorb MTX, the company’s newer product targeting soft tissue reconstruction, recorded group sales of $6.2 million. That represents a growth of 195% compared to the prior year, from a lower base.

Total revenue came in at $75 million, up 25.2% year on year.

Of that, $68.2 million was commercial product sales, while BARDA revenue contributed $2 million during the half. BARDA income was lower than the prior year following the completion of the US pivotal trial for full-thickness burns.

Profit impacted by lower trial revenue

Net profit after tax (NPAT) fell sharply to $0.05 million, down from $3.3 million in the prior corresponding period. The decline reflects lower BARDA revenue and ongoing investment in growth initiatives.

On an adjusted basis, EBITDA came in at $4.7 million, up 82% year on year. Management said underlying operating performance improved despite the reduction in trial-related income.

Operating cash flow was positive at $9 million, compared to an outflow in the prior year. The company ended the half with $29.2 million in cash and cash equivalents.

Capital expenditure for the period totalled $10.8 million, largely related to the completion of a new manufacturing facility in Port Melbourne. Construction of the facility has now been finalised.

Strategic updates and leadership changes

During the half, Bruce Peatey commenced as Chief Executive Officer from 1 December 2025. Amy Demediuk was also appointed company Secretary and General Counsel.

PolyNovo said it remains on track to submit a premarket approval application to the US Food and Drug Administration (FDA) for NovoSorb BTM in full-thickness burns in FY26.

Management highlighted continued investment in its NovoSorb technology platform and geographic expansion, particularly in China and Japan.

Foolish Takeaway

PolyNovo’s commercial business continues to grow at a solid rate, led by strength in the US. NovoSorb MTX sales are rising quickly from a smaller base, indicating early progress in newer applications.

Statutory profit was significantly lower due to reduced BARDA revenue compared to the prior period. This highlights how trial-related income previously supported reported earnings.

The share price remains below levels seen earlier this year, even after today’s rebound. The focus now shifts to sustaining commercial growth and converting that momentum into consistent profitability in the second half of FY26.

The post PolyNovo shares rise after first-half sales climb 26% appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Aaron Teboneras 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 PolyNovo. The Motley Fool Australia has recommended PolyNovo. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in offshore services provider Bhagwan Marine Ltd (ASX: BWN) have not exactly set the world on fire since the company listed on the ASX in mid-2024.

But according to the team at Shaw and Partners, the company is deeply undervalued and is looking good following a recent acquisition.

Complementary acquisition

Bhagwan, in February, announced to the ASX that it would buy Riverside Marine Holdings for $130 million.

The company said at the time that it “represents a step-change in scale and scope for Bhagwan, strengthening the company’s position as a preferred marine solutions provider”.

Bhagwan said the 100-year-old Riverside operated about 30 vessels across five brands and had longstanding clients in the industrial resources, scientific research, transport, and logistics sectors.

It also said that 88% of Riverside’s revenue was repeatable, while its forecast EBITDA for FY26 was $26.2 million.

Bhagwan Managing Director Loui Kannikoski said regarding the deal:

This is a transformational milestone for our company. Riverside is an excellent strategic and cultural fit. Its highly complementary operations enhance diversification across service offerings, commodity exposure and geographic presence, creating meaningful synergies that strengthen our collective capabilities.

Mr Kannikosi said they were also excited by Riverside’s long-term growth potential.

Shares looking cheap

The Shaw team said the acquisition was a good fit.

Riverside significantly boosts repeatable revenue for Bhagwan from 40%-50% through long-term multi year contracts with tier- 1 clients. Riverside also geographically diversifies Bhagwan into North QLD and the Pilbara and diminishes Bhagwan’s exposure to oil and gas (from 66% of rev to about 50%.) Riverside operates a capital-light business model whereby it manages vessels owned by its clients. Finally, Riverside achieves industry-leading EBITDA margins of about 40%.

The Shaw team said Riverside’s industrial sands business could benefit from the construction boom in the lead up to the Brisbane Olympics, and it also had good growth opportunities in its Port Hedland business in Western Australia.

They added that Riverside had key relationships with BHP Group Ltd (ASX: BHP) and Mitsubishi in the region, while Bhagwan offered sub-sea services to the oil and gas sector.

Shaw has a price target of 90 cents on Bhagwan Marine shares, which it has increased by 10 cents following the announcement of the Riverside deal.

Bhagwan shares were trading at 44 cents on Friday, compared to the 63 cents listing price in mid-2024.

The company was valued at $137.1 million at the close of trade on Thursday.  

The post Looking for a 100%-plus gain? This offshore services company might fit the bill appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

Three ASX 200 mining shares that are the largest players in their segments have been re-rated by analysts this week.

This follows all three companies releasing their 1H FY26 earnings.

Let’s take a look.

BHP Group Ltd (ASX: BHP)

The BHP share price is up 0.8% to $53.66 on Friday.

BHP is the largest ASX 200 mining share on the market. The company is a major iron ore and copper producer.

This week, BHP reported a 28% profit lift to US$5.64 billion for 1H FY26, and also announced a US$4.3 billion silver streaming agreement.

The news sent the BHP share price to a near-record high of $54.20. The all-time high is $54.55, set in mid-2021.

Following the 1H FY26 report, brokers reviewed their ratings and 12-month price targets for BHP shares.

Bank of America reiterated its buy rating and raised its target from $57 to $60.

Morgan Stanley kept its buy rating but cut its target from $56.50 to $55.50.

Ord Minnett retained its buy rating and lifted its price target from $51 to $54.

RBC Capital reiterated its hold rating on the ASX 200 mining share and lifted its target from $51 to $55.

Macquarie reiterated its hold rating and lifted its price target from $51 to $52.

UBS kept its hold rating but increased its target from $47 to $52.

Citi also kept its hold rating and raised its price target from $48 to $52.

Morgans maintained its hold rating and lifted its target from $48.60 to $49 per share.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price is down 0.63% to $18.85 on Friday.

Sandfire is the largest ASX 200 copper mining share on the market.

This week, Sandfire reported a 94% increase in net profit after tax (NPAT) to US$96.3 million for 1H FY26.

After reviewing the numbers, several brokers have revised their ratings and 12-month targets.

Morgans kept its hold rating on Sandfire Resources shares and increased its price target from $18.90 to $20.40.

Macquarie reiterated its hold rating with a price target of $20.10.

Morgan Stanley kept its sell rating on the ASX 200 copper mining share with a price target of $16.20.

Canaccord Genuity upgraded Sandfire Resources shares to a buy. The broker lifted its 12-month target from $19.50 to $21.

UBS maintained its sell rating and raised its target from $17.75 to $18.05.

The Sandfire Resources share price hit a record high of $21.75 last month.

PLS Group Ltd (ASX: PLS)

The PLS Group share price is down 0.8% to $4.35 at the time of writing.

PLS Group, formerly known as Pilbara Minerals, is the largest ASX 200 lithium mining share on the market.

This week, PLS Group reported a 241% lift in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $253 million for 1H FY26.

The positive result prompted brokers to rethink their ratings and 12-month price targets.

Citi reiterated its hold rating with a price target of $5.25.

Morgan Stanley retained its buy rating on the ASX 200 lithium mining share with a price target of $5.

Bell Potter maintained its hold rating with a price target of $4.60.

RBC Capital reiterated its buy rating and lifted its PLS Group share price target from $5.10 to $5.20.

The PLS Group share price reached a two-and-a-half-year high of $5.16 last month.

The post Brokers review 12-month price targets for 3 ASX 200 mining shares post-results appeared first on The Motley Fool Australia.

More reading

• Looking for a 100%-plus gain? This offshore services company might fit the bill
• Should you buy PLS shares after its results?
• Buying BHP shares? Here’s why this was a HUGE week for the ASX mining giant
• BHP share price lifts amid brokers re-rating the miner post-results
• I never thought I’d buy BHP shares, but I’m reconsidering. Here’s why

Citigroup is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is on course to end the week in the red. In afternoon trade, the benchmark index is down 0.15% to 9,072.5 points.

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

Guzman Y Gomez Ltd (ASX: GYG)

The Guzman Y Gomez share price is down 10% to $18.33. Investors have been selling the burrito seller’s shares following the release of its half-year results. Guzman Y Gomez reported global network sales growth of 18% to $681.8 million and net profit after tax growth of 44.9% to $10.6 million. Investors may be disappointed with the performance of its US operations, which recorded an EBITDA loss of $8.3 million. This is up from a loss of $5 million a year earlier.

Inghams Group Ltd (ASX: ING)

The Inghams share price is down 16% to $2.05. This has been driven by the release of the poultry producer’s half-year results. Inghams reported largely flat revenue of $1.61 billion and a 64.9% decline in net profit after tax to $18.1 million. The latter was driven primarily by higher operating costs in Australia. Looking ahead, management has downgraded its EBITDA guidance for FY 2026. It now expects underlying EBITDA of $180 million to $200 million, which is down from $215 million to $230 million previously. Inghams’ CEO and managing director, Ed Alexander, said: “Pre AASB 16 earnings of $80.6 million for the first half of FY26 were disappointing, with the results impacted by the cost of managing excess inventory and supply chain transition inefficiencies as the business implemented an operational reset following customer changes experienced in FY25.”

Megaport Ltd (ASX: MP1)

The Megaport share price is down 5% to $10.37. This is despite the release of its half-year results, which revealed record revenue and earnings. Megaport reported a 26% increase in revenue to $134.9 million and EBITDA growth of 28% to $35.3 million. The company’s CEO, Michael Reid, said: “Our global business continues to scale, with the United States delivering exceptional momentum, pushing the Americas to 24% YoY ARR growth. This performance was driven by rising NRR and consistent new logo acquisition.”

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is down over 3% to $163.18. This follows the release of the mining giant’s full-year results. Rio Tinto reported a 9% increase in underlying EBITDA to US$25.36 billion. However, underlying earnings were flat at US$10.87 billion, which led to the Rio Tinto board holding its total dividends at US$4.02 per share. This was short of the market’s expectations. Nevertheless, Rio Tinto’s chief executive, Simon Trott, was pleased with the year. He said: “Our solid financial results demonstrate clear progress as we embed our stronger, sharper and simpler way of working. We achieved an 8% uplift in CuEq production driven by the ongoing ramp-up of the Oyu Tolgoi underground copper mine and record iron ore production since April from our Pilbara operations.”

The post Why Guzman Y Gomez, Inghams, Megaport, and Rio Tinto shares are tumbling today appeared first on The Motley Fool Australia.

More reading

• Inghams shares plunge 13% as earnings slump and FY26 guidance cut
• Megaport shares tumble despite record results
• Guzman y Gomez shares crash to a record low following half-year results
• Guzman y Gomez posts 1H26 earnings
• Why are Rio Tinto shares sinking today?

Motley Fool contributor James Mickleboro has positions in Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. 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.