Brokers name 3 ASX shares to buy today

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

AGL Energy Limited (ASX: AGL)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this energy company’s shares to $8.81. This follows news that the company will exit coal 10 years ahead of previous plans. Morgans is positive on the move, particularly given its belief that inflexible brown coal plants will struggle as more variable renewables enter the grid. Outside this, the broker has lifted its earnings estimates for FY 2024 onwards due to the continued strength of futures prices. The AGL share price is trading at $6.81 on Friday.

APM Human Services International Ltd (ASX: APM)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $4.20 price target on this health and human services provider’s shares. Goldman notes that APM has signed an agreement to acquire Equus Workforce Solutions for US$153 million. The broker highlights that the deal will increase its North American footprint. In addition, Goldman reiterates its belief that the market is under appreciating APM’s ability to generate durable earnings growth. The APM share price is fetching $3.33 this afternoon.

Telstra Corporation Ltd (ASX: TLS)

Analysts at Morgan Stanley have retained their overweight rating and $4.62 price target on this telco giant’s shares. According to the note, the broker believes that Telstra could be a big winner from the Optus hack. It suspects that mobile customers could switch to Telstra in the coming years because of the scandal. The Telstra share price is trading at $3.86 on Friday afternoon.

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

.

More reading

• ASX 200 dividend shares suffer September sell-off
• Why AGL, Northern Star, Qualitas, and Rio Tinto shares are pushing higher today
• Could Telstra shares be set to benefit from the Optus hack?
• Telstra share price lower amid ACCC update on TPG agreement
• Looking to buy Telstra shares but worried about an Optus-style hack? Read this

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. 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/8iAtHKx