7 ASX shares upgraded by analysts this week

S&P/ASX 200 Index (ASX: XJO) shares are 0.4% lower at 8,808.1 points on Friday.

Brokers have indicated improved confidence in several ASX shares this week.

Let's take a look at some ratings upgrades.

PLS Group Ltd (ASX: PLS)

The PLS share price is $4.10, down 3.2% today and up 116% over 12 months.

Morgans upgraded the ASX lithium share to a hold rating this week.

The broker cut its 12-month price target from $5.40 to $4.80.

This implies a potential 17% upside ahead.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is $32.66, up 2.7% today and up 29% over 12 months.

Macquarie upgraded Woodside shares to a buy rating with a $32.80 price target.

This suggests the stock is almost fully valued.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is $1.20, down 6.1% today and up 25% over 12 months.

Morgans upgraded Liontown shares to a buy rating this week.

However, the broker reduced its 12-month price target from $2.20 to $1.70.

This suggests a potential 40% upside ahead.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is $9.98, down 2.1% today and up 35% over 12 months.

UBS upgraded the ASX energy share to a buy rating yesterday.

The broker decreased its 12-month price target from $12.60 to $11.70.

This still implies a healthy potential upside of 17% ahead.

HUB24 Ltd (ASX: HUB)

The Hub24 share price is $82.16, down 2.1% today and down 21% over 12 months.

Jefferies upgraded the ASX financial share to a buy rating this week.

The broker has a 12-month price target of $94.

This indicates possible gains of 14% over the next year. 

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial REIT shares are $2.98, down 0.7% today and down 3% over 12 months.

Jefferies upgraded the ASX real estate investment trust (REIT) to a buy rating this week.

The broker has a 12-month price target of $3.36.

This suggests a potential 12% upside ahead.

HealthCo Healthcare & Wellness REIT (ASX: HCW)

HealthCo Healthcare & Wellness REIT shares are 72 cents apiece, down 0.7% today and down 6% over 12 months.

Jefferies upgraded HealthCo Healthcare & Wellness REIT to a buy rating on Wednesday.

The broker has a 12-month price target of 96 cents.

This suggests potential capital growth of 34% over the next year. 

The post 7 ASX shares upgraded by analysts this week appeared first on The Motley Fool Australia.

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

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