5 ASX All Ords shares just upgraded by top brokers

Leading brokers have just given their tick of approval to these five ASX All Ords shares.

| More on:
Five people in an office high five each other.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Five ASX All Ords shares could be helping to boost the All Ordinaries Index (ASX: XAO) in the days and months ahead.

That's according to leading brokers, who've just upgraded their outlook for the five stocks, all of which operate in distinctly different sectors (courtesy of The Australian).

These ASX All Ords shares just got an upgrade

Up first, we have Aristocrat Leisure Limited (ASX: ALL).

CLSA raised the gaming technology company's stock to a 'buy' with a $44.90 price target.

The ASX All Ords share is up 0.8% in intraday trading today at $38.53. That implies a potential further upside of 16.5% for the stock.

With a strong growth outlook for its digital gaming businesses, the Aristocrat Leisure share price has soared 25% year to date.

The second ASX All Ords share receiving a broker upgrade is Pacific Smiles Group Limited (ASX: PSQ).

Wilsons boosted the dental centre operator's stock to an 'overweight' rating with a $1.66 price target.

The Pacific Smiles share price is up 2.6% at the time of writing, at $1.55 per share. That implies a potential 7% gain ahead yet from here.

Despite a positive earnings growth outlook, the Pacific Smiles share price is flat in 2023.

Also getting a broker upgrade this week is PWR Holdings (ASX: PWH).

Evans & Partners lifted its rating for the automotive cooling solutions company's stock to 'positive'. Shares are up 2.3% in early afternoon trade today, at $9.02 apiece.

With some potential earnings growth ahead, this ASX All Ords share may yet be able to shake off its 18% year-to-date losses.

Rounding off the list of broker upgrades

Rounding off the list, the fourth stock that's just received a broker upgrade is Smartpay Holdings Limited (ASX: SMP)

Bell Potter started the payment solutions provider's stock at a 'buy' with a $2.16 price target.

The Smartpay share price is down 1.9% today at $1.75 a share. That implies a potential 23.4% upside for this ASX All Ords share.

This will come as welcome news to shareholders, who've already enjoyed a 74% lift in the Smartpay share price in 2023. And the stock is up a whopping 186% over 12 months.

Which brings us to the fifth company getting a broker upgrade this week, Transurban Group (ASX: TCL).

Citi has raised its rating on the toll road operator and developer's stock to a 'buy' with a $16.20 price target.

Transurban shares are down 0.3% today, trading for $14.07 apiece. That implies a potential upside of 15.1% for this ASX All Ords share.

The Transurban share price is up 10% in 2023.

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 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.

More on Share Market News

Warren Buffett
Share Market News

Could these Australian fund managers be the next Warren Buffett?

Buffett is widely regarded the world's most successful investor.

Read more »

Man with rocket wings which have flames coming out of them.
Broker Notes

These ASX 200 shares could rise 40%+

Big returns could be on offer from these shares according to analysts.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

Analysts say these ASX shares are top buys in June

Brokers are urging investors to buy these shares. Let's find out why.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors finished the trading week on a high note this Friday.

Read more »

A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Brainchip, Findi, Lottery Corp, and REA shares are falling today

These shares are ending the week in the red. But why?

Read more »

Happy teen friends jumping in front of a wall.
Share Gainers

4 ASX 200 shares leading the charge higher this week

Investors have been piling into these four ASX 200 shares this week. But why?

Read more »

Woman and man calculating a dividend yield.
REITs

What price target does Macquarie have on Goodman Group shares?

Goodman Group posted an interesting set of numbers in Q3. Here's Macquarie's take.

Read more »