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:
Bapcor Ltd (ASX: BAP)
According to a note out of Ord Minnett, its analysts have retained their buy rating and $8.40 price target on this auto parts company. The broker has been looking at the recent results of rival Genuine Parts, which owns Repco, and believes it points to strong trading conditions for Bapcor. Particularly given that Genuine Parts revealed that its strong quarter was not driven by promotions or discounts. The Bapcor share price was trading at $6.66 at Mondayâs close.
BHP Group Ltd (ASX: BHP)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this mining giantâs shares with a trimmed price target of $52.00. Macquarie felt that BHPâs quarterly update was a touch on the mixed side. Iron ore and metallurgical coal were strong, but copper and nickel were soft. Nevertheless, the broker still sees plenty of value in its shares and expects the OZ Minerals acquisition to give its copper operations a major boost. The BHP share price was fetching $44.17 yesterday.
Whitehaven Coal Ltd (ASX: WHC)
Analysts at Morgans have retained their add rating on this coal minerâs shares with a slightly lowered price target of $9.60. Morgans believes that all the bad news is now priced into Whitehaven Coal shares, making this a very attractive buying opportunity for investors. Particularly given its expectation for 8% dividend yields this year and next. The Whitehaven Coal share price closed yesterdayâs session at $7.22.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- Why BHP, InvoCare, Lake Resources, and South32 shares are dropping today
- Are BHP shares a buy following the ASX 200 miner’s latest update?
- 5 things to watch on the ASX 200 on Monday
- What is this broker saying about the BHP share price following the miner’s update?
- Here are the top 10 ASX 200 shares today
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 Corporate Travel Management. 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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