Here’s why brokers rate these ASX shares as buys…
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 leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $31.82 price target on this banking giant’s shares. Following recent updates from the big four banks, Goldman has stated its preference for commercially-focused banks over retail-focused banks. This is due to the latter being impacted by aggressive competition for mortgages. The ANZ share price is trading at $26.85 on Monday afternoon.
Breville Group Ltd (ASX: BRG)
A note out of Macquarie reveals that its analysts have retained their outperform rating and $34.37 price target on this appliance manufacturer’s shares. Macquarie notes that one of the company’s distributors in the United States has delivered a solid result, as has rival DeLonghi. The broker believes this bodes well for Breville’s own performance. The Breville share price is fetching $31.03 this afternoon.
Pilbara Minerals Ltd (ASX: PLS)
Another note out of Macquarie reveals that its analysts have retained their outperform rating and $2.80 price target on this lithium miner’s shares. Macquarie highlights that lithium prices are up materially this year and have just reached record highs. Pleasingly, it believes the outlook remains positive and expects Pilbara Minerals to benefit greatly. The Pilbara Minerals share price is trading at $2.46 on Monday.
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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 no position in any of the stocks mentioned. 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 Bruce Jackson.