With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Baby Bunting Group Ltd (ASX: BBN)
According to a note out of Morgans, its analysts have retained their add rating but slashed their price target on this baby products retailer’s shares to $3.60. While Morgans was disappointed with the company’s recent trading update, it feels the significant share price weakness since the release has created a buying opportunity for investors. Especially given its belief that Baby Bunting has plenty of growth opportunities ahead of it. The Baby Bunting share price is trading at $2.73 this afternoon.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
A note out of UBS reveals that its analysts have retained their buy rating and $85.00 price target on this pizza chain operator’s shares. This follows the release of an update from its US based parent which showed promising same store sales trends globally. In addition, the broker believes that Domino’s is well-placed in the current environment due to its value offering. The Domino’s share price is fetching $56.94 today.
National Australia Bank Ltd (ASX: NAB)
Analysts at Macquarie have upgraded this banking giant’s shares to an outperform rating with an improved price target of $32.25. According to the note, Macquarie has lifted its earnings estimates for the big four banks to reflect margin improvements thanks to higher interest rates. However, the broker sees NAB as the best bank to buy at the moment. In fact, it is the only big four bank that it is positive on. The NAB share price is trading at $30.82 on Monday.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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- Here are the top 10 ASX 200 shares today
- NAB share price lifts amid ‘first for a major Australian bank’
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 recommended Baby Bunting and Dominos Pizza Enterprises Limited. 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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