Leading brokers have named Treasury Wine Estates Ltd (ASX:TWE) 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:
Aventus Group (ASX: AVN)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $2.76 price target on this retail park operator’s shares. This follows a tour of the company’s recently completed Caringbah Super Centre development. The broker notes that the centre is performing above expectations in respect to returns and tenant sales. Goldman believes this development demonstrates the opportunities the company has in adjoining vacant land. Something which it believes could be a key driver of growth in the future. Another positive, the broker points out, is that Aventus’ shares offer a forward 6.1% dividend yield according to its forecasts. The Aventus share price is fetching $2.72 this afternoon.
Karoon Energy Ltd (ASX: KAR)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted the price target on this energy producer’s shares to $1.40. Although the company’s shares have rocketed higher since the renegotiation of the terms of its Bauna acquisition, it still sees plenty of upside ahead. Particularly given its promising Neon and Goia oil fields in Brazil. The Karoon Energy share price is trading at $1.01 on Monday.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Morgan Stanley have retained their overweight rating and $11.00 price target on this wine company’s shares. This is despite China placing material tariffs on the company’s exports in response to dumping allegations. Although it sees limited options for the company to continue exporting to China through normal channels and expects this to have a big impact on its sales, it isn’t enough for a change of rating just yet. Morgan Stanley appears to still see value in its shares at the current level. The Treasury Wine share price is trading at $8.65 today.
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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 Treasury Wine Estates Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. 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.