5 ASX shares attracting fresh broker upgrades this week

S&P/ASX 200 Index (ASX: XJO) shares are up 0.5% to 8,888.2 points on Thursday.

Brokers have lifted their ratings on several ASX shares this week. 

Let's see a sample.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is $7.83, up 1.7% today.

Over the past month, this ASX 200 financial share has fallen 5%.

Morgans upgraded Magellan shares to a buy rating this week.

The broker shaved its 12-month price target from $10.25 to $8.66.

This implies a potential 11% upside ahead.

The broker commented:

MFG has hosted its AGM and given a market update.

We read this as a softer market update overall. 1Q27 trading was subdued, with weakness in Financial Markets and Investment Management.

Positively, Corporate Finance remains strong, and the MFG/Barrenjoey integration is running well ahead of schedule, with pre-tax synergies upgraded to A$15m p.a. (from A$6m).

Ora Banda Mining Ltd (ASX: OBM)

The Ora Banda share price is $1.27, down 2.6% today.

Over the past month, this ASX 200 gold mining share has fallen 14%.

MA Financial Group upgraded Ora Banda shares to a buy rating on Monday.

The broker cut its price target from $1.60 to $1.40.

This suggests a potential 10% gain ahead.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price is $20.24, down 1.6% today.

Over the past month, this ASX 200 copper share has declined 8%.

Morgans upgraded Sandfire shares to a buy rating on Tuesday.

The broker has a 12-month price target of $23.

This indicates capital gains of 14% over the next year. 

The broker said:

SFR's 1Q27 result was softer than expectations but overall in-line with guidance.

Upgrade to BUY following recent share price weakness with an unchanged A$23ps target price.

Austal Ltd (ASX: ASB)

The Austal share price is $4.51, down 3% today.

Over the past month, this ASX 200 industrials share has risen 7%.

Bell Potter upgraded Austal shares to a buy rating today.

The broker increased its 12-month price target from $4.70 to $5.50.

This suggests a potential 22% upside ahead.

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is $1.50, up 0.8% today.

Over the past month, this ASX 200 uranium share has fallen 9%.

Citi upgraded Boss Energy shares to a buy rating yesterday.

The broker raised its 12-month price target from $1.45 to $1.75.

This suggests potential capital growth of 18% over the next year. 

The post 5 ASX shares attracting fresh broker upgrades this week appeared first on The Motley Fool Australia.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in Magellan Financial Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ma Financial Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026