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3 ASX 200 shares hit with broker downgrades – Motley Fool Australia
Woodside Petroleum Ltd (ASX: WPL), Zip Co Ltd (ASX: Z1P) and Rio Tinto Ltd (ASX: RIO) were ASX 200 shares to receive broker downgrades today.
The S&P/ASX 200 Index (ASX: XJO) has been grinding higher recently and managed to reach a new, 7-month high last week. However, some popular ASX 200 shares are not getting the institutional love they want and have been hit with broker downgrades.
ASX 200 shares hit with downgrades
1. Woodside Petroleum Limited (ASX: WPL)
Credit Suisse has lowered the Woodside Petroleum share price target from $25.20 to $24.70 but retains an outperform rating. The broker believes its capex and funding i…
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