S&P/ASX 200 Index (ASX: XJO) shares are trading higher on Thursday, up 0.54% to 7,737.6 points.
The ASX 200 is surging today after the United States Federal Reserve left interest rates on hold, and chair Jerome Powell said it was likely the bank would cut rates "at some point this year".
Meanwhile, two ASX 200 large-cap shares have been upgraded by brokers today, as reported in The Australian.
Let's check them out.
Image source: Getty Images
Woolworths shares have 10% upside, says Macquarie
Our first broker upgrade among ASX 200 shares today is Woolworths Group Ltd (ASX: WOW).
Woolworths shares are up 0.57%, trading at $31.91 today and down 12.6% over the past 12 months.
Macquarie has raised its rating on the consumer staple share to outperform today.
The broker has placed a 12-month share price target of $35 on the stock.
While this is a 5% cut on the broker's previous target, it still implies a potential upside of almost 10% for investors who buy Woolworths shares today.
JP Morgan's take on this ASX 200 healthcare giant
The Sonic Healthcare Ltd (ASX: SHL) share price is up 2.24% to $27.90 at the time of writing.
The ASX 200's fourth-biggest healthcare share is trading 17.9% lower than it was 12 months ago.
JP Morgan has raised its rating on Sonic Healthcare shares to neutral with a $26.20 price target.
So, while the broker has upgraded its rating on Sonic, it expects the share price to dip from here.
