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:

Goodman Group (ASX: GMG)

According to a note out of UBS, its analysts have upgraded this integrated property company’s shares to a buy rating with an improved price target of $23.00. The broker has been looking at the property sector and favours Goodman. This is particularly the case with its logistics exposure, which UBS prefers due to high rent growth potential and record low vacancy rates. The Goodman share price ended the week at $19.92.

Pilbara Minerals Ltd (ASX: PLS)

A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this lithium miner’s shares to $5.40. Morgans made the move in response to the release of a quarterly update that was well ahead of the broker’s expectations. The broker has also lifted its medium-term lithium price assumptions on the belief that tight conditions will continue. This is due to a trend of project slippage from other lithium producers. The Pilbara Minerals share price was fetching $4.90 at Friday’s close.

Universal Store Holdings Ltd (ASX: UNI)

Analysts at Goldman Sachs have reiterated their buy rating on this youth fashion retailer’s shares with an improved price target of $7.55. According to the note, a recent update from a fellow retailer has given Goldman incremental confidence in the youth consumer discretionary category during the key holiday period. The broker has boosted its earnings estimates and valuation to reflect this. The Universal Store share price closed the week at $5.89.

The post Top brokers name 3 ASX shares to buy next week 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(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• $20,000 invested in these ASX shares 10 years ago is worth how much now?
• What’s with ASX 200 lithium shares today?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Morgans names 8 ASX retail shares to buy
• Experts say these are the ASX 200 blue chip shares to buy now

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 no position in any of the stocks mentioned. 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/p9uDir6

Fortunately for income investors, the Australian share market is home to countless dividend shares that provide investors with attractive yields.

Two from opposite sides of the market that are highly rated right now are listed below. Here’s why analysts say they are buys:

South32 Ltd (ASX: S32)

The first ASX dividend share that brokers have named as a buy is diversified mining and metals company South32. Morgans is a fan and has an add rating and $5.60 price target on the miner’s shares.

This is due to its attractive valuation, the de-risking of its growth portfolio, and its earnings-linked dividend policy. Last week, the broker commented:

We maintain a positive view on S32. The company offers an attractive mix of raw material and base metal exposures, combined with an effective management team. S32 continues to deploy capital efficiently, while gradually transitioning its portfolio out of trickier assets and into more base metals focus (with acquisitions in copper and zinc).

As for dividends, the broker is forecasting fully franked dividends per share of approximately 23 cents in FY 2023 and FY 2024. Based on the current South32 share price of $4.71 this will mean yields of 4.9%.

Suncorp Group Ltd (ASX: SUN)

This banking and insurance giant could be a top ASX dividend share to buy. That’s the view of analysts at Goldman Sachs, which have just initiated coverage on the company with a buy rating and $13.88 price target.

There are a number of reasons for its bullish view, Goldman explained two of them last week. It said:

Clear rational focus on pricing /margins to offset higher reinsurance costs, perils allowances and underlying claims inflation. We think rate increases have been strong and accelerating through 1H23. […] Significant capital return opportunity remains with the potential completion of the sale of SUN bank to ANZ resulting in cash proceeds of A$4.1bn.

In respect to dividends, the broker is forecasting fully franked dividends of 78 cents per share in FY 2023 and 82 cents per share in FY 2024. Based on the latest Suncorp share price of $12.81, this implies yields of 6.1% and 6.4%, respectively.

The post Income investors rejoice! Analysts say these quality ASX dividend shares are buys 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(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Top brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today
• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• 5 things to watch on the ASX 200 on Tuesday
• South32 share price higher on quarterly update

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 no position in any of the stocks mentioned. 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/sQTudXO