Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large 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:
CSL Limited (ASX: CSL)
According to a note out of Macquarie, its analysts have retained their outperform rating and $338.00 price target on this biotherapeutics giant’s shares. This follows news that the company is acquiring Vifor Pharma for $17 billion. Macquarie expects the deal to be earnings per share accretive in FY 2023. The broker also sees opportunities for CSL to scale and grow Vifor’s renal business to support its longer term growth. The CSL share price was trading at $297.27 prior to its trading halt.
Nearmap Ltd (ASX: NEA)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $3.20 price target on this aerial imagery and location intelligence company’s shares. Morgan Stanley notes that Nearmap has just revealed strong growth in the North American market during the first half of FY 2022. In light of this, the broker is expecting a strong first half result in February. The Nearmap share price is fetching $1.53 this afternoon.
NEXTDC Ltd (ASX: NXT)
Another note out of Macquarie reveals that its analysts have retained their outperform rating and $16.10 price target on this data centre operator’s shares. Macquarie notes that NEXTDC has just acquired its first edge data centre. The new centre is located in Maroochydore on the Sunshine Coast. Macquarie sees a big opportunity in edge data centres, which service regional areas and have the potential to offer greater returns than current centres in capital cities. The NEXTDC share price is trading at $12.26 on Wednesday afternoon.
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- ASX 200 (ASX:XJO) midday update: CSL upgraded, Westpac AGM update
- Citi upgrades CSL (ASX:CSL) share price to buy rating on Vifor Pharma deal
- 5 things to watch on the ASX 200 on Wednesday
- Why Charter Hall, Nearmap, PolyNovo, and Virtus Health are racing higher
- ASX 200 (ASX:XJO) midday update: Afterpay takeover vote, Woolworths crashes
Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. and Nearmap Ltd. The Motley Fool Australia owns and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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