S&P/ASX 200 Index (ASX: XJO) shares are trading lower on Wednesday, down 0.28% to 7,293 points.
Meantime, these two companies have received broker upgrades, as reported in The Australian today.
Let's take a look.
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Polynovo shares a buy with 41% upside: Morgans
Our first ASX 200 company upgraded today is ASX 200 biotech share Polynovo Ltd (ASX: PNV).
Morgans has an add rating on Polynovo with a 12-month share price target of $1.88.
The Polynovo share price is currently $1.33, down 1.33%.
So, Morgans reckons there's a potential 41% upside for ASX investors who buy Polynovo shares today.
JP Morgan raises JB H-Fi shares to overweight rating
Our next ASX 200 company receiving a broker upgrade today is JB Hi-Fi Limited (ASX: JBH).
JP Morgan has raised its rating on the ASX 200 retail share to one of the highest possible — overweight.
The JB Hi-Fi share price is currently $45.70, down 0.26%.
JP Morgan has a 12-month share price target of $52, implying a potential 13.8% upside for ASX investors who buy JB Hi-Fi stock today.
