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. Hereâs why they are bullish on them:
Coles Group Ltd (CSX: COL)
According to a note out of Citi, its analysts have retained their buy rating and lifted their price target on this supermarket giantâs shares to $21.00. Citi has been looking at the impact that inflation will have on retailers and expects Coles to be impacted positively. So much so, the broker has lifted its earnings estimates to reflect an inflationary boost to sales. The Coles share price is trading at $18.88 on Monday.
CSL Limited (ASX: CSL)
Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this biotherapeutics companyâs shares to $345.00. Citi has been looking at recent results from rivals Grifols and Takeda and believes that they show an improvement in the plasma market operating environment. It notes that demand and pricing are strong and donor fees are coming down. The CSL share price is fetching $295.35 this afternoon.
Westpac Banking Corp (ASX: WBC)
Analysts at Goldman Sachs have upgraded this banking giantâs shares to a conviction buy rating with a $26.12 price target. The broker made the move on the belief that Westpacâs net interest margin is well-placed to benefit from higher rates. Goldman also notes that it has a greater level of comfort around the state of the franchise, despite its productivity agenda. The Westpac share price is trading at $21.62 today.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now
See The 5 Stocks
*Returns as of July 7 2022
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
Are Coles shares an inflation-beating investment right now?
Why is the Westpac share price outperforming the other ASX 200 banks on Monday?
Experts name 2 ASX 200 dividend giants to buy
5 things to watch on the ASX 200 on Monday
âRaises a whole lot of issuesâ: Which ASX 200 banks are still funding new fossil fuel projects?
Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
