Business
Brokers are bullish on these 4 ASX 200 shares
Big brokers have run the ruler on new announcements and notable share price movements. Here are the ASX 200 shares that have been upgraded to a buy or buy equivalent rating on Thursday.
4 bullish ASX 200 shares
Bapcor Ltd (ASX: BAP)
Bapcor announced its plans to expand into Asia by acquiring 25% of the issued equity of Tye Soon. Tye Soon is an independent automotive parts distributor in South East and North East Asia, distributing a wide range of parts and aftermarket parts. Bapcor will invest approximately SGD$12.5 million for the 25% stake and work together to maximise opportunities in the Asia and Australasia region.
Citi believes the acquisition will provide Bapcor with a base to grow its Asian business and address the…
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