3 ASX 200 shares just upgraded by brokers

Two ASX 200 retail shares and a big four bank stock have received broker upgrades.

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S&P/ASX 200 Index (ASX: XJO) shares are up 0.05% to 7,199.9 points in afternoon trading on Thursday.

Three ASX 200 shares have just received broker upgrades, so let's take a look at the details.

ANZ Group Holdings Ltd (ASX: ANZ)

Goldman Sachs has raised its rating on ANZ shares to buy.

And not just a buy, a 'conviction buy', no less.

The broker has a 12-month share price target of $27.38 on the ASX 200 bank share.

As my colleague James explains in greater detail, Goldman thinks ANZ's institutional business will be a key driver of outperformance.

The ANZ share price is currently $23.87, up 1.9% on Thursday.

Harvey Norman Holdings Limited (ASX: HVN)

Three brokers have raised their ratings on the iconic ASX retail share.

According to The Australian, Jefferies has raised its rating to hold.

The broker has a $3.20 price target for the next 12 months.

Morgan Stanley has raised its rating to equal-weight.

Jarden Securities has raised its rating to neutral with a $3.40 target on the ASX share.

The Harvey Norman share price is currently $3.47, up 1.6% so far on Thursday.

It's worth noting that Citi has gone the other way, cutting its share price target by 10% to $3.70.

Harvey Norman released a trading update yesterday.

It revealed a profit slide that appears to be less than investors were expecting, given the ASX share's rise yesterday and today.

Collins Foods Ltd (ASX: CKF)

The Australian also reports share price target upgrades from two brokers on Collins Foods.

This is the company that operates a network of KFC outlets across Australia.

UBS has raised its 12-month share price target by 16% to $9.65 on this ASX share.

Morgans Financial has also upped its price target by 11% to $10.50.

The Collins Foods share price is currently $9.59, down 3.5% for the day.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in Anz Group and Harvey Norman. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Collins Foods, Goldman Sachs Group, and Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Collins Foods. 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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