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. Here’s why they are bullish on them:
Adairs Ltd (ASX: ADH)
According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this homewares retailer’s shares to $4.80. The broker notes that Adairs is acquiring Focus on Furniture for $80 million. Morgans is pleased with the purchase and expects it to complement its core business and provide network expansion opportunities. All in all, the broker feels Adairs’ shares are cheap at the current level, particularly given the company’s attractive growth and dividend profile. The Adairs share price is trading at $3.66 today.
Aristocrat Leisure Limited (ASX: ALL)
A note out of UBS reveals that its analysts have retained their buy rating and $53.60 price target on this gaming technology company’s shares. UBS has been looking at Aristocrat’s market position and notes that it is outperforming other gaming machine manufacturers significantly with four of the top five premium cabinets in the market. This bodes well for its future growth. The Aristocrat share price is fetching $44.72 this afternoon.
Siteminder Ltd (ASX: SDR)
Analysts at Ord Minnett have commenced coverage on this hotel commerce platform provider’s shares with a buy rating and $7.36 price target. According to the note, the broker is a fan of the company and its evolution towards offering a range of global solutions to the hotel market. All in all, the broker believes Siteminder is well-placed to deliver strong revenue growth over the coming years. The Siteminder share price is trading at $6.08 on Monday afternoon.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- Top brokers name 3 ASX shares to buy next week
- 2 ASX dividend shares expected to pay BIG income
- Could ASX 200 retail shares deliver some dividend surprises in 2022?
- Why Adairs, EML, Fisher & Paykel Healthcare, and NRW are storming higher
- ASX retail shares in focus as CBA forecasts bumper Black Friday weekend
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. owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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