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 that leading brokers have named as buys this week are listed below. Hereâs why they are bullish on them:
Endeavour Group Ltd (ASX: EDV)
According to a note out of Morgans, its analysts have upgraded this drinks giantâs shares to an add rating with an improved price target to $7.80. Morgans notes that Endeavourâs half year result was comfortably ahead of expectations with its retail margin performance the key standout. And while the regulatory environment remains uncertain, on balance, it thinks the risks lie to the upside with the underlying business performing well. The Endeavour share price is trading at $7.00 on Tuesday.
JB Hi-Fi Limited (ASX: JBH)
A note out of Citi reveals that its analysts have retained their buy rating and $55.00 price target on this retailerâs shares. This follows the release of a result and trading update in line with its expectations. Overall, the broker continues to see upside risk to consensus expectations and plenty of value in its shares. The JB Hi-Fi share price is fetching $45.15 this afternoon.
REA Group Limited (ASX: REA)
Analysts at Goldman Sachs have retained their conviction buy rating and $158.00 price target on this property listings companyâs shares. Goldman was pleased with the realestate.com.au operatorâs half year results and believes both the quality of the company and its positive thesis were reinforced by it. The REA share price is trading at $121.66 on Tuesday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- Are JB Hi-Fi shares now at a bargain price?
- Credit and drinks: Experts name 2 ASX shares to buy for a 2023 economic slowdown
- Here are the top 10 ASX 200 shares today
- Deadline coming: 3 ASX 200 shares to buy now before dividend payouts
- Why Audinate, Endeavour, IAG, and Vitura Health shares are charging higher
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 Jb Hi-Fi and REA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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