Brokers name 3 ASX shares to buy now

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

Brickworks Limited (ASX: BKW)

According to a note out of Citi, its analysts have retained their buy rating and $35.00 price target on this building products company’s shares. This followed the release of its half year results, which came in better than expected. And with Brickworks feeling positive about rental income growth and the broker feeling bullish on the Australian building sector, it appears to believe this strong form can continue. The Brickworks share price is trading at $27.68 today.

Evolution Mining Ltd (ASX: EVN)

A note out of Morgan Stanley reveals that its analysts have upgraded this gold miner’s shares to an overweight rating with an improved price target of $3.95. The broker is feeling very positive on Evolution due to its belief that it is best placed to benefit from the soaring gold price thanks to its low hedging. In addition, the broker sees benefits from its copper exposure at a time when supply is tightening. The Evolution Mining share price is fetching $3.42 this afternoon.

Webjet Ltd (ASX: WEB)

Analysts at Citi have also retained their buy rating on this online travel agent’s shares with an improved price target of $9.90. This follows the release of an investor presentation relating to its WebBeds business. The broker was pleased to see management plan to grow its total transaction value for the business to $10 billion by 2030. This will be double its FY 2025 target of $5 billion, which itself is 25% higher than its FY 2024 guidance of $4 billion. The Webjet share price is trading at $8.61 on Friday.

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

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More reading

• Why Arafura, Pentanet, Sigma, and Webjet shares are falling today
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today
• Why Australian Strategic Metals, Evolution, Sigma, and Webjet shares are storming higher
• Why AGL, Brickworks, IGO, and New Hope shares are dropping today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. 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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