It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

CSL Limited (ASX: CSL)

According to a note out of Citi, its analysts have retained their buy rating on this biotherapeutics company’s shares with an improved price target of $350.00. This follows the release of a strong first half result. Citi was particularly impressed with CSL’s plasma collection growth and believes it will be supportive of future revenue growth. Outside this, the broker feels that CSL’s shares deserve to trade on higher multiples in-line with long term averages. The CSL share price is trading at $297.77 this afternoon.

Evolution Mining Ltd (ASX: EVN)

A note out of Morgans reveals that its analysts have retained their add rating and $3.70 price target on this gold miner’s shares. While the broker was a touch disappointed with the company’s first half performance, it was pleased to see that its full year production and cost guidance has been reaffirmed. Morgans feels this suggests that a strong second half is coming. The Evolution share price is fetching $2.87 on Friday.

Telstra Group Ltd (ASX: TLS)

Analysts at Goldman Sachs have retained their buy rating and $4.60 price target on this telco giant’s shares. This follows the release of a half year result which came in a touch ahead of the broker’s estimates thanks to the mobile business. This has led to Goldman increasing its earnings estimates modestly through to FY 2025. The Telstra share price is trading at $4.22 today.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Passive income watch: 3 ASX 200 shares that announced boosted dividends this week
• Broker gives its verdict on the Telstra share price post-results
• Passive income watch: 3 ASX 200 shares that slashed their dividends this week
• Evolution Mining share price dives after 50% cut to dividend
• Why Bapcor, Magellan, Sonic Healthcare, and Telstra shares are charging higher

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has positions in and has recommended Telstra 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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