6 ASX shares upgraded and downgraded by the experts this week

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Brokers have changed their ratings and 12-month price targets on Qantas, Codan, and others. The post 6 ASX shares upgraded and downgraded by the experts this week appeared first…

S&P/ASX 200 Index (ASX: XJO) shares are down 0.4% to 9,115.6 points on Thursday.

Meanwhile, brokers have altered their ratings on several ASX shares this week.

The Qantas share price is $9.86, down 1.1% today and up 1% over 12 months.

Morgans analyst Christopher Creech noted resilient travel demand and higher fares were partly offsetting higher fuel costs.

The Flight Centre share price is $12.09, down 2.5% today and down 1% over 12 months.

Over the past month, this ASX consumer discretionary share has ripped 18%.

Morgan Stanley downgraded Flight Centre shares to a hold rating yesterday.

The Monadelphous share price is $34.53, down 1% today and up 29% over 12 months.

The Smartgroup share price is $11.24, down 2.3% today and up 34% over 12 months.

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