Buy, hold, sell: Select Harvests, Auckland Airport, Wesfarmers shares

S&P/ASX 200 Index (ASX: XJO) shares are down 0.5% to 8,989.4 points on Thursday.

Meanwhile, three experts give us their views on three ASX shares.

Let's check them out.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is $4.31, down 2.1% and up 26% over 12 months. 

Select Harvests is the world's No. 5 almond producer.

PAC Partners has a buy rating on this ASX agriculture share.

The broker said: 

Select Harvests … is based in a terrific Australian location, with an improving cost base and 90% of its almonds are exported into a tight global market.

We rate SHV a Buy for the 67% return over the next 12 months from a 65% lift in EBITDA over the two years to FY'27F,  a re-start of dividend in 1HFY'26; and strong cash flow platform.  

PAC Partners said the company's upcoming production update "should be positive", and added:

The tight global market continues with Californian forecasters maintaining the low drop estimates for upcoming August harvest, and almond prices at A$10.90/kg …

Auckland International Airport Limited (ASX: AIA) 

The Auckland International Airport share price is $7.28, down 1.6% today and up 4% over 12 months. 

Toby Grimm from Baker Young has a buy rating on this ASX 200 airline share.

On The Bull this week, Grimm said: 

The owner of New Zealand's premier airport has been impacted by the conflict in Iran and limited new aircraft availability.

Also, technical issues have contributed to softer passenger growth. We view capacity constraint and geopolitical issues as temporary.

AIA is a tier one infrastructure asset. Owning the airport land adds appeal to this quality stock that was recently trading below fair value.

AIA offers strong medium term recovery potential, so we believe it presents as an opportunity to accumulate stock at these levels.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is $88.93, down 1.9% today and up 5% over 12 months. 

Morgan Stanley has downgraded Wesfarmers shares from equal-weight to underweight with a slightly improved 12-month price target of $79.

The broker told clients that housing prices, inflation, and interest rates are weighing on consumer sentiment.

While the company's discount homewares retail network, Kmart, may benefit from customers seeking greater value, its hardware network, Bunnings, may face headwinds as the Australian housing market softens due to higher interest rates and changes to capital gains taxes and negative gearing starting 1 July next year.

The post Buy, hold, sell: Select Harvests, Auckland Airport, Wesfarmers shares appeared first on The Motley Fool Australia.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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