Insights

Top brokers name 3 ASX shares to buy today

Top brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys. Here’s why they are bullish on them…
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

3 asx shares to buy depicted by man holding up hand with 3 fingers up

Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of UBS, its analysts have retained their buy rating but cut their price target on this infant formula company’s shares to NZ$15.50 (A$14.38). While the broker acknowledges that it is battling tough trading conditions and has downgraded its near term earnings estimates to reflect this, UBS remains positive on the long term. This is due to a recovery in demand from daigou sellers and market share gains in China. The a2 Milk share price is fetching $7.40 on Wednesday.

CSL Limited (ASX: CSL)

A note out of Macquarie reveals that its analysts have upgraded this biotechnology company’s shares to an outperform rating with an improved price target of $296.00. According to the note, the broker has seen a significant improvement in foot traffic at US plasma collection centres recently. As a result, the broker has upgraded its estimates to reflect the improving trading conditions. The CSL share price is trading at $278.22 this afternoon.

IDP Education Ltd (ASX: IEL)

Analysts at Morgan Stanley have retained their overweight rating and $30.00 price target on this language testing and student placement company’s shares. According to the note, the broker has downgraded its estimates to reflect the COVID-19 crisis in the key Indian market. However, despite these short term headwinds, the broker suspects that the disruption is only strengthening the company’s competitive position. Overall, it believes IDP Education will come out of the pandemic in a much stronger position at the expense of small competitors. The IDP Education share price is trading at $22.13 today.

Where to 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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 CSL Ltd. and Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!