Why Accent, Syrah, Tietto, and Xero shares are charging higher today

These ASX shares are having a positive start to the week. Here's why.

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The S&P/ASX 200 Index (ASX: XJO) is off its intraday lows but still remains down 0.45% to 6,797 points in afternoon trade.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher:

Accent Group Ltd (ASX: AX1)

The Accent share price is up 2.5% to $1.86. This appears to have been driven by a broker note out of Citi this morning. Its analysts have retained their buy rating and $2.12 price target following the release of an update from a US peer. It believes the updates point to strong momentum for a number of Accent's brands.

Syrah Resources Ltd (ASX: SYR)

The Syrah Resources share price is up almost 7% to 75.2 cents. Investors continue to buy this graphite producer's shares following news that China is planning to curb exports of the battery-making ingredient. Management responded to the news, commenting: "Near-term China supply uncertainties benefit Syrah's development and commercial position."

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price is up almost 35% to 57.2 cents. This has been driven by news that the Africa-based gold miner has received a conditional, non-binding indicative proposal from Zhaojin Capital to acquire 100% of the shares it does not already own. Zhaojin Capital is offering 58 cents per share in cash. Management is assessing the offer.

Xero Limited (ASX: XRO)

The Xero share price is up 3% to $107.69. A bullish broker note out of Jefferies and a stronger-than-average session for tech shares appear to be the drivers of this gain. In respect to the Jefferies note, its analysts have lifted their price target to $122.63. This implies a further upside of 14% for investors from current levels.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Accent 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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