Business
8 ASX 200 shares rated as ‘outperform’ by brokers
The anticipated higher interest rate environment and a recovery in the real economy has seen a number of cyclical ASX 200 heavyweights upgraded to an ‘outperform’ rating on Tuesday. Here are the ASX 200 shares that brokers think could beat the market in the near-term.
The Crown share price jumped 20% yesterday after Blackstone sent the company an unsolicited $11.85 per share takeover offer. Credit Suisse views this as an opportunistic offer to snap up depressed Crown shares amid weak earnings and regulatory risks. The broker believes the proposal suggests that Crown is unlikely to lose any of its casino licenses.
Credit Suisse raised its target for the ASX 200 share from $12.00 to $13.50 with an outperform rating. The…
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