Leading brokers have named Afterpay Ltd (ASX:APT) and these ASX shares as buys this week. Here’s why they are bullish on them…
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –
With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Afterpay Ltd (ASX: APT)
According to a note out of Ord Minnett, its analysts have retained their buy rating and lifted the price target on this payments company’s shares to $150.00. The broker made the move after Afterpay delivered further strong growth in the United States and United Kingdom during the first half. Looking ahead, Ord Minnett believes the launch of the Afterpay Money app will strengthen appeal to young consumers. The Afterpay share price is fetching $126.28 on Monday.
BWX Ltd (ASX: BWX)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this personal care products company’s shares to $5.30. According to the note, the broker was pleased with its half year results and guidance for the full year. It also notes that the company has signed a deal with Chemist Warehouse and Woolworths Group Ltd (ASX: WOW). The latter means its Sukin products are now ranged in Australia’s two largest supermarkets. The BWX share price is trading at $4.43 this afternoon.
Harvey Norman Holdings Limited (ASX: HVN)
Analysts at Citi have retained their buy rating and $6.00 price target on this retail giant’s shares following its first half results. According to the note, Harvey Norman delivered a strong half year update, which was in line with the broker expectations. And while its growth will slow in the second half, the broker still believes its shares offer value for money at the current level. The Harvey Norman share price is fetching $5.26 on Monday.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.