Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.
Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:
AMP Ltd (ASX: AMP)
According to a note out of Citi, its analysts have upgraded this financial services company’s shares to a buy rating with an improved price target of $1.25. This follows the release of the company’s FY 2023 results. The broker highlights that the company is making strides with its cost reductions and expects this to boost its earnings in the near term. The AMP share price is trading at $1.12.
Computershare Ltd (ASX: CPU)
Another note out of Citi reveals that its analysts have retained their buy rating on this administration services company’s shares with an improved price target of $30.00. The broker was pleased with Computershare’s performance in the first half, noting that its earnings before interest and tax coming in a touch ahead of expectations. It remains upbeat on its earnings growth prospects over the medium term. The Computershare share price is fetching $25.99 today.
CSL Ltd (ASX: CSL)
Analysts at Morgans have retained their add rating on this biotechnology giant’s shares with a trimmed price target of $315.40. This follows the release of a solid half-year result which saw earnings come in ahead of consensus expectations. Morgans was pleased with the result and particularly the performance of the key CSL Behring business. And while it has trimmed its valuation to reflect the disappointing CSL112 trial failure, it still sees plenty of value on offer here. The CSL share price is trading at $283.25 on Thursday.
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of 10 November 2023
(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
- Here are the top 10 ASX 200 shares today
- Why AMP, Core Lithium, Downer EDI, and IDP Education shares are racing higher
- Looking for passive income? This ASX All Ords stock just boosted its dividend by 33%!
- AMP share price rockets 10% amid 2023 earnings boost
- 5 things to watch on the ASX 200 on Wednesday
Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 recommended CSL. 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/lIcofAd
Leave a Reply