Brokers are feeling positive about these ASX shares…
The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia. –
Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.
Here’s why brokers think investors ought to buy them next week:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this gaming technology company’s shares to $43.00. Morgans notes that Aristocrat delivered a stronger than expected half-year result. It also highlights that the company’s investment in product and partnerships paid off handsomely in the Americas Gaming segment and there was positive earnings growth in ANZ, International Class III Gaming, and Pixel United. All in all, the broker remains confident in the company’s long-term organic growth potential. The Aristocrat share price ended the week at $35.17.
Premier Investments Limited (ASX: PMV)
A note out of Citi reveals that its analysts have upgraded this retail conglomerate’s shares to a buy rating with a $29.00 price target. Citi is a fan of Premier Investments due to its belief that the Smiggle and fashion brands will be reopening winners. And while that may not be the case for the Peter Alexander brand, it still expects it to hold up reasonably well. The Premier Investments share price was fetching $22.69 at Friday’s close.
Webjet Limited (ASX: WEB)
Analysts at Goldman Sachs have retained their buy rating and $6.90 price target on this online travel agent’s shares. This follows the release of a full-year result that missed on earnings but outperformed significantly on cash flow generation. Looking ahead, the broker believes Webjet has a strong growth outlook and an equally strong cash balance which could help it take advantage of any value accretive opportunities. The Webjet share price was trading at $6.00 at the end of the week.
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Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs. The Motley Fool Australia has recommended Premier Investments Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.