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:
Lovisa Holdings Ltd (ASX: LOV)
According to a note out of Morgans, its analysts have retained their add rating and $24.00 price target on this fashion jewellery retailer’s shares. The broker has been looking at the retail sector and picked out Lovisa as one of its top picks. It likes the company due to its belief that it will continue to grow whatever happens to consumer sentiment. Especially with its new management team and global expansion plans. The Lovisa share price ended the week at $17.89.
Ramsay Health Care Limited (ASX: RHC)
A note out of Citi reveals that its analysts have a buy rating and $75.00 price target on this private hospital operator’s shares. The broker highlights that the company’s 53% owned Ramsay Santé business is aiming to acquire Swedish listed GHP Specialty Care for 228 million euros or ~30x 2021 EBIT. While Citi feels this is quite expensive, it believes the transaction would complement Ramsay’s Nordic-based Capio business. Overall, regardless of this deal completing, the broker feels Ramsay is well-placed for several years of positive earnings momentum as the pandemic subsides. The Ramsay share price was fetching $60.71 at Friday’s close.
Whitehaven Coal Ltd (ASX: WHC)
Analysts at Goldman Sachs have retained their buy rating and lifted their price target on this coal miner’s shares to $4.70. Goldman increased its valuation to reflect an increasingly positive thermal coal price outlook due to supply side issues in Indonesia, Australian, and Russia. In addition, it sees a compelling de-gearing and capital returns story emerging. The Whitehaven Coal share price ended the week at $4.04.
The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.
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More reading
- Why Core Lithium, Nickel Mines, SG Fleet, and Whitehaven Coal are pushing higher
- 3 excellent ASX growth shares analysts believe have huge upside potential
- Why Goldman says to buy these ASX coal shares right now
- Morgans picks its top 3 ASX retail shares to buy today
- 4 ASX healthcare shares at 52-week lows
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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings Ltd and Ramsay Health Care 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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