Leading brokers have named Accent Group Ltd (ASX:AX1) 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 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 shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Accent Group Ltd (ASX: AX1)
According to a note out of Citi, its analysts have upgraded this retailer’s shares to a buy rating with an improved price target of $2.09. Citi was impressed with Accent’s recent trading update and particularly its store expansion progress. In addition to this, as a footwear retailer, it believes Accent is well-placed to benefit from consumers going out more now restrictions are easing. It also sees opportunities in high-margin accessories. The Accent share price is up 4% to $1.97 this afternoon.
Lendlease Group (ASX: LLC)
A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating but trimmed the price target on this global property company’s shares slightly to $16.65. This follows the release of an update at its annual general meeting last week. Goldman notes that Lendlease is targeting over A$10 billion in project commencements over the next 18 months. This is in line with its expectations and expected to underpin solid earnings growth over the coming years. The Lendlease share price is changing hands for $14.37 on Monday.
Serko Ltd (ASX: SKO)
Analysts at Ord Minnett have retained their buy rating and lifted the price target on this travel booking technology company’s shares to $6.55. The broker made the move after the release of a slightly better than expected first half result from Serko last week. Ord Minnett remains positive on the company’s future and notes that its deal with travel giant Booking.com has the potential to be a key driver of growth and share price gains. The Serko share price is fetching $5.29 this afternoon.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Serko Ltd. The Motley Fool Australia has recommended Accent Group and Serko Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.