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:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $43.00 price target on this gaming technology company’s shares. This follows the company’s latest investor roundtable event. Goldman was pleased with what it heard and came away from the event feeling confident that Aristocrat is largely on track to achieve its expectations in the second half. The Aristocrat share price is trading at $32.99 on Wednesday.
BHP Group Ltd (ASX: BHP)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this mining giant’s shares to $44.00. Macquarie has upgraded its earnings estimates through to FY 2026 by approximately 5% per annum to reflect stronger thermal coal prices. This is being driven by supply constraints and global energy security risks. The BHP share price is fetching $37.23 today.
Superloop Ltd (ASX: SLC)
Analysts at Morgans have retained their add rating and $1.00 price target on this telco’s shares. This follows news that Superloop has signed an agreement to acquire VostroNet. Morgans views this as a strategically and financially attractive deal. It highlights that it will bolster the company’s existing student accommodation business, adds multi-dwelling units, and leverages its infrastructure assets. The Superloop share price is trading at 69 cents 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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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 SUPERLOOP FPO. 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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