Brokers are bullish on these ASX shares…
The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –
It has been another busy week for Australiaâs top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Hereâs why brokers think these ASX shares are in the buy zone:
Airtasker Ltd (ASX: ART)
According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this small jobs marketplace providerâs shares to $1.05. Morgans was pleased with Airtaskerâs fourth quarter update, noting that it delivered solid growth in challenging conditions. It was also pleased to see that cost saving opportunities have been identified and should support its cash flow. The Airtasker share price is trading at 39 cents on Friday.
CSL Limited (ASX: CSL)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $312.00 price target on this biotech giantâs shares. Morgan Stanley has been looking at recent results in the industry. These all appear supportive of its positive view on CSL and the plasma collection recovery from the pandemic. The CSL share price is fetching $290.26 this afternoon.
Mineral Resources Limited (ASX: MIN)
Analysts at Bell Potter have retained their buy rating and lifted their price target on this mining and mining services companyâs shares to $75.00. Bell Potter is bullish on Mineral Resources due largely to its lithium business. The broker is expecting this side of its business to start yielding increasing returns from FY 2023. In addition, the broker is pleased with managementâs plan to lower the costs of its iron ore business and sees a lot of potential in its “embryonic” energy business. The Mineral Resources share price is trading at $53.86 on Friday afternoon.
The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro 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 CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
