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.
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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.
