Top brokers name 3 ASX shares to buy today

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 Morgan Stanley, its analysts have retained their overweight rating and $323 price target on this biotherapeutics company’s shares. This follows reports that Mexicans will be able to continue crossing the US border to donate plasma. Morgan Stanley estimates that approximately 10% of CSL’s collections come from centres close to the US-Mexico border, so this is positive news. The CSL share price is trading at $282.55 today.

IDP Education Ltd (ASX: IEL)

Another note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $35.00 price target on this language testing and student placement company’s shares. This follows the announcement of a deal to acquire Intake Education for $83 million. Morgan Stanley expects the deal to be earnings per share accretive and notes that it should boost IDP’s presence in the high-growth African market. The IDP Education share price is fetching $27.64 on Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Macquarie have retained their outperform rating and $5.60 price target on this lithium miner’s shares. According to the note, the broker was pleased with the results of Pilbara Minerals’ latest battery material exchange auction. It notes that the company commanded a price that was up 10% month on month. It feels this reflects the current tightness in the lithium market. The Pilbara Minerals share price is trading at $4.95 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Could the CSL share price be set for a boost before the year’s end?
• Looking to buy ASX shares? Expert reveals ‘one metric to assess the quality of a business’
• Pilbara Minerals share price hits record high following lithium auction
• Pilbara Minerals share price on watch following BMX lithium auction
• 5 things to watch on the ASX 200 on Wednesday

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 CSL Ltd. and Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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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