Business
Could ASX retail shares be the best ASX shares to own right now?
The Australian economy has shown further signs of recovery as its retail sector bounces back to pre-COVID levels.
October retail trade estimates of turnover and volumes for retail businesses, including store and online sales, rose 1.4% month-on-month or 7.1% higher compared to October 2019. The resilience and recent strength of retailers has drawn a series of broker upgrades. Here are the ASX200 shares that have been upgraded this week.
Harvey Norman Holdings Limited (ASX: HVN)
Credit Suisse raised its Harvey Norman share price target from $5.06 to $5.30 with an outperform rating. This represents a 16% upside to its closing price on Wednesday of $4.570. The broker predicts that the work from home trend will stick and provide…
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