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:
CSL Limited (ASX: CSL)
According to a note out Macquarie, its analysts have retained their outperform rating but trimmed their price target on this biotherapeutics company’s shares to $325.00. While Macquarie suspects that near-term plasma collections will be softer than hoped, it isn’t enough to change its positive stance. The broker also reminds investors that CSL is working on a new technology that aims to improve plasma yields. This could be a big boost to earnings if everything goes to plan. The CSL share price is trading at $254.67 today.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
A note out of UBS reveals that its analysts have upgraded this pizza chain operator’s shares to a buy rating but slashed the price target on them to $120.00. Although UBS has downgraded its earnings estimates to reflect a softer than expected performance during the first half, it remains positive on its long term outlook. In addition, the broker sees enough value in its shares even after cutting its price target to support its buy rating. The Domino’s share price is fetching $103.24 this afternoon.
REA Group Limited (ASX: REA)
Analysts at Citi have retained their buy rating but cut their price target on this property listings company’s shares to $166.00 following its first half update. Citi was pleased with its first half performance and is expecting more of the same in the second half thanks to listing volume growth. And while there are concerns that rate increases could cool the housing market in FY 2023, Citi still expects growth from the core business. The REA share price is trading at $138.54 on Monday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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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 and has recommended CSL Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and REA Group Limited. 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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