With many brokers taking a break over the holiday period, there hasnât been many broker notes released this week.
But donât worry, listed below are a few recent recommendations that remain relevant today. Hereâs what brokers are saying about these ASX shares:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Citi, its analysts have a buy rating and $41.20 price target on this gaming technology companyâs shares. Citi notes that industry data points to digital bookings showing signs of rebasing recently. The broker feels this as a positive for Aristocrat, particularly given that its Pixel United business continues to outperform peers. In addition, Citi continues to view Aristocratâs land-based business as well positioned for growth and is optimistic on the company’s opportunity in real money gaming. The Aristocrat share price is trading at $31.38 this afternoon.
Brickworks Limited (ASX: BKW)
A note out of Morgans reveals that its analysts have an add rating and $24.50 price target on this building products companyâs shares. Morgans believes that Brickworksâ shares are cheap based on the current 40% discount to inferred net tangible assets and the pipeline of value accretive projects to be potentially realised over coming years. The Brickworks share price is fetching $22.80 on Friday.
Coronado Global Resources Inc (ASX: CRN)
Analysts at Macquarie have an outperform rating and $3.10 price target on this coal minerâs shares According to the note, although Macquarie feels that Coronado is unlikely to achieve its guidance in FY 2022 due to poor weather, it remains positive. This is due to strong metallurgical coal prices, which it expects to underpin bumper earnings and dividends in FY 2023. The Coronado share price is trading at $1.98 on Friday afternoon.
The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.
FREE Investing Guide for Beginners
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of January 5 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 5 things to watch on the ASX 200 on Friday
- The 3 best performing ASX 200 mining shares of 2022
- Here’s how I’ll be investing my money in ASX shares in 2023
- How Iâd invest $1,000 in ASX 200 shares for rising inflation
- 23 ASX shares to buy in 2023 – brokers
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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. 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/59SzGEH
Leave a Reply