Four All Ordinaries Index (ASX: XAO) shares just earned upgrades from top brokers. One ASX All Ords share is a major Aussie bank.
The second is an infrastructure maintenance services provider.
The third provides telecommunications and network services.
And the fourth ASX stock getting a broker upgrade produces fertilisers, explosives and chemicals.
A nicely diversified mix!
Here's what we know.
(Broker data courtesy of The Australian.)
The first ASX All Ords share that just got a broker upgrade is Bank of Queensland Ltd (ASX: BOQ).
The Bank of Queensland share price is up 3.6% today at $6.92 and up more than 25% over the past 12 months. Bank of Queensland shares also trade on a fully franked trailing dividend yield of 4.9%.
While Macquarie believes shares may be overvalued at current levels, the broker raised its target price for the Bank of Queensland share price by 10% to $5.50.
The second ASX All Ords share that just got a broker upgrade is Incitec Pivot Ltd (ASX: IPL).
The Incitec Pivot share price is up 4.4% today at $3.10. That puts shares back in the green for the full year, up 1%. Incitec Pivot shares also trade on a 4.7% unfranked trailing dividend yield.
And according to RBC, the stock could have a strong run ahead of it. The broker raised Incitec to an outperform rating with a $3.60 price target. That represents a potential upside of more than 16% from current levels.
This brings us to Ventia Services Group Ltd (ASX: VNT), the third ASX All Ords share getting a broker upgrade.
The Venetia share price is up 0.9% at the time of writing at $4.66 a share. That puts the Ventia share price up 67% over 12 months. Ventia shares also trade on a partly franked 4.0% trailing dividend yield.
And RBC believes there are more outsized gains to be had. The broker started Ventia Services at an outperform rating with a $5.25 price target. That represents a potential upside of almost 13% from current levels.
Service Stream Ltd (ASX: SSM) rounds off our list of ASX All Ords shares earning a broker upgrade.
The Service Stream share price is up 2.6% in early afternoon trade today at $1.58. This sees the Service Stream share price up 73% since this time last year. Service Stream shares also trade on a fully franked 2.9% trailing dividend yield.
And RBC thinks this company can deliver another year of strong performance. The broker started Service Stream at an outperform rating with a $1.75 price target. That's almost 11% above the current share price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.