Business
Brokers are bullish about these 3 ASX 200 shares
These 3 ASX 200 shares have struggled to deliver shareholder value in the past few months. Big brokers have scrutinised them and believe there could be some upside as earnings momentum recovers or picks up.
1. AGL Energy Limited (ASX: AGL)
Ord Minnett thinks that the tides may have finally turned for the depressed AGL share price. The broker believes that there could be some significant asset restructuring from the company in the near-term, but expects the focus will be to improve the profitability of its assets.
Ord Minnett rates the AGL share price as an ‘accumulate’ with a $14.04 share price target. This would represent a significant ~40% upside to its current levels.
2. Eagers Automotive Ltd (ASX: APE)
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