Top brokers name 3 ASX shares to buy today

Top brokers have named Cochlear Limited (ASX:COH) 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 Motley Fool Australia. –

ASX buy

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:

Cochlear Limited (ASX: COH)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $229.00 price target on this hearing solutions company’s shares. The broker notes that its industry research shows that most U.S. patients which postponed implant procedures at the height of the pandemic have now had them implanted. It feels this supports the view that trading conditions are returning to pre-COVID 19 levels. In addition, its analysts found that there is a preference for Cochlear’s product among patients due to their quality and design. The Cochlear share price is trading at $228.54 this afternoon.

Collins Foods Ltd (ASX: CKF)

Analysts at Morgans have retained their add rating and lifted the price target on this quick service restaurant operator’s shares to $10.80. According to the note, the broker believes that Collins Foods’ KFC and Taco Bell restaurants will benefit from a return to normality following the release of an effective COVID-19 vaccine. This follows news that Pfizer has had very positive results from its phase 3 trial. The Collins Foods share price is changing hands for $10.01 on Wednesday.

Pushpay Holdings Ltd (ASX: PPH)

A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating and $10.35 price target on this donation management and community engagement platform provider’s shares. It notes that at the broker’s recent tech forum, Pushpay revealed that it is observing early indications of stickiness with digital giving. It also expects the integration of Church Community Builder to help it capture a greater share of the wallet. This is particularly the case among larger churches which see value in a full service one stop shop offering. The Pushpay share price is fetching $7.17 this afternoon.

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks 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.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and PUSHPAY FPO NZX. The Motley Fool Australia has recommended Cochlear Ltd., Collins Foods Limited, and PUSHPAY FPO NZX. 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.

The post Top brokers name 3 ASX shares to buy today appeared first on 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!