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 ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Aussie Broadband Ltd (ASX: ABB)

According to a note out of Credit Suisse, its analysts have retained their outperform rating and $4.80 price target on this broadband provider’s shares. While the broker appears slightly disappointed with a slowdown in residential connections, it believes this has been driven partly by one-off impacts. However, it was pleased with the integration of the OTW business. It feels this business will be key to diversifying Aussie Broadband’s earnings in the coming years thanks to its exposure to the enterprise market. The Aussie Broadband share price is trading at $3.15 on Wednesday.

BHP Group Ltd (ASX: BHP)

A note out of Citi reveals that its analysts have retained their buy rating and $44.50 price target on this mining giant’s shares. Citi is expecting iron ore prices to strengthen later this year as steel production rates in China are supported by policy easing. It also sees constrained iron ore supply as a positive for prices. The broker is expecting this to underpin a fully franked dividend yield of approximately 10% in FY 2023. The BHP share price fetching $35.58 this afternoon.

Qualitas Ltd (ASX: QAL)

Analysts at Goldman Sachs have retained their buy rating and lifted their price target on this real estate investment company’s shares to $3.20. This follows news that the company has received a major mandate from the Abu Dhabi Investment Authority. Goldman believes the mandate is a validation of the company’s leading product breadth and track record in Australian CRE private credit strategies. Outside this, the broker sees Qualitas as a way to gain attractive exposure to an emerging asset class. The Qualitas share price is trading at $2.32 on Wednesday.

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

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Broker names 3 of the best ASX shares to buy in August
• Is the iron ore price entering a bear market?
• Why A2 Milk, Qualitas, Telix, and Ventia shares are pushing higher today
• Why did the BHP share price slump 6% in July when the ASX 200 leapt higher?
• Guess which ASX All Ordinaries share has rocketed 40% in 2 days?

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 positions in and has recommended Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/pFVCItm

• Stock Market