Leading brokers name 3 ASX shares to buy today

With so many shares to choose from on the ASX, it can be difficult 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. Here’s why they are bullish on them:

Chalice Mining Ltd (ASX: CHN)

According to a note out of Macquarie, its analysts have retained their outperform rating on this mineral exploration company’s shares with a slashed price target of $2.00. The broker has reduced its valuation markedly to factor in future capital raisings. Nevertheless, Macquarie continues to see significant value in its shares and recommends them as a buy at current levels. The Chalice Mining share price is trading at 90 cents on Monday.

Nufarm Ltd (ASX: NUF)

A note out of Bell Potter reveals that its analysts have retained their buy rating on the agricultural chemicals company’s shares with an improved price target of $6.35. The broker is feeling positive about the company’s outlook following its annual general meeting update and recent rainfall across Australia. In addition, Bell Potter highlights that its shares are trading on lower multiples than its global peers. The Nufarm share price is fetching $5.56 this afternoon.

WiseTech Global Ltd (ASX: WTC)

Analysts at Morgan Stanley have retained their overweight rating and $85.00 price target on this logistics solutions company’s shares. The broker believes that the company’s results this month will be worth watching very closely. If WiseTech beats the market’s expectation of 30% revenue growth, it suspects that its shares could jump. Though, it also warns that softer revenue growth could mean the opposite for its shares. The WiseTech share price is trading at $76.17 today.

The post Leading 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(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• These are the 10 most shorted ASX shares
• Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling
• Here are the top 10 ASX 200 shares today
• These are the 10 most shorted ASX shares
• Are ASX growth shares back? How these fundies delivered over 20% upside in 2023

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 Macquarie Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. 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/gjSQ8lV