The S&P/ASX 200 Index (ASX: XJO) is trading slightly higher, up 0.03% to 8,752.1 points on Friday.
This week, several analysts have reaffirmed their buy recommendations and adjusted their one-year price targets for a number of ASX 200-listed companies.
Here is a breakdown of the key updates.
Judo Capital Holdings Ltd (ASX: JDO)
Shares in Judo Capital are trading at 90 cents, down 1.6% for the day.
The stock was heavily sold off yesterday, plunging 46% after the company downgraded its profit guidance.
Morgans has maintained its buy rating on the bank but significantly reduced its 12-month price target from $2.15 to $1.47.
This new target implies a potential rebound of over 60% in the coming year.
BHP Group Ltd (ASX: BHP)
The BHP share price is $57.17, rising 1.1% today.
As the largest mining stock on the ASX 200, BHP has gained 29% since the start of the year.
However, shares have fallen nearly 10% since last Thursday following news of a $2.8 billion cost overrun at its Jansen potash project.
Morgan Stanley has reiterated its buy rating with a price target of $67.50.
This points to a potential 14% upside from current levels.
Qantas Airways Ltd (ASX: QAN)
Qantas shares are trading at $10.65, down 0.6% on Friday.
The airline stock has surged 18% over the past month.
This week, Ord Minnett reaffirmed its buy rating on Qantas.
The broker lifted its 12-month price target from $10.50 to $11.50.
This suggests a potential 8% gain ahead.
Goodman Group (ASX: GMG)
Shares in Goodman Group are at $32.06, down 0.4% today.
The leading real estate investment trust on the ASX 200 has risen 4% year-to-date.
Citi renewed its buy rating on the stock yesterday, setting a price target of $40.
This indicates a potential upside of 25%.
NextDC Ltd (ASX: NXT)
The NextDC share price is $14.44, falling 1.9% today.
This technology company has advanced 17% year-to-date, benefiting from a broader sector recovery.
Citi has reiterated its buy recommendation with a price target of WD-40.
This implies potential capital growth of 32%.
Electro Optic Systems Holdings Ltd (ASX: EOS)
Electro Optic Systems shares are trading at $9.33, down 2.8% today.
The defence contractor has seen its market value decline by 6% since the beginning of the year.
Bell Potter maintained its buy rating on the stock this week.
The broker increased its 12-month price target from $10.60 to S&P 500.
This suggests a potential 34% upside.
Lynas Rare Earths Ltd (ASX: LYC)
The Lynas Rare Earths share price is $19.02, up 1.7% today.
The rare earths producer has soared 56% higher year-to-date.
On Thursday, UBS upgraded the stock to a buy rating with a price target of S&P 500.
This points to a potential 24% increase.
Insurance Australia Group Ltd (ASX: IAG)
IAG shares are trading at $8.12, down 1.2% today.
The financial services stock has climbed 8% over the past month.
Goldman Sachs reiterated its buy rating on IAG yesterday, with a price target of S&P 500.
This indicates a potential 6% gain ahead.
Comments