Top brokers name 3 ASX shares to buy today

CSL Limited (ASX:CSL) shares are one of three that top brokers have named as buys this week…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 buy ratings that have caught my eye are summarised below. Here's why brokers think these ASX shares are in the buy zone:

Clover Corporation Limited (ASX: CLV)

According to a note out of Ord Minnett, its analysts have retained their buy rating and lifted the price target on this infant formula ingredients supplier's shares to $3.31 following the release of its full year results. The broker was impressed with its results and appears confident that there will be more of the same in the near term. Especially given a number of positive tailwinds which are likely to lead to increasing demand. I agree with Ord Minnett on Clover and feel it is a good way to gain exposure to the infant formula boom.

CSL Limited (ASX: CSL)

A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and $250.00 price target on this biotherapeutics giant's shares. According to the note, the broker is confident that CSL will deliver further solid growth thanks to a rise in healthcare spending and increased chronic disease. In addition to this, the broker believes that the company's growing plasma collection network is a competitive advantage and leaves it well-positioned for growth. I agree with Macquarie and would also class CSL's shares as a buy.

Webjet Limited (ASX: WEB)

Analysts at UBS have retained their buy rating but trimmed the price target on this online travel agent's shares slightly to $18.65. According to the note, although the broker acknowledges that the Thomas Cook collapse is disappointing, Webjet still has a favourable long term outlook thanks to structural and market share benefits. The broker was also pleased to see the company confirm that, other than the Thomas Cook impact, there are no changes to the rest of its earnings drivers for FY 2020. I think UBS is on the money with this one and would be a buyer of its shares.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Clover Limited and CSL Ltd. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors started the week off in a good mood today.

Read more »

A cute young girl with curly hair sips a glass of milk through a straw with a smile on her face.
Broker Notes

Up 37% this year, why Macquarie expects A2 Milk shares to keep outperforming

Macquarie remains bullish on A2 Milk shares heading into 2026. Let’s see why.

Read more »

Woman and man calculating a dividend yield.
Share Market News

Big week for markets: Here's what to watch

Tech earnings, rate speculation, and Aussie inflation data could shake markets this week — but long-term investors should keep their…

Read more »

ASX shares Business man marking buy on board and underlining it
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

dissapointed man at falling share price
Share Fallers

Why Boss Energy, Elsight, Pilbara Minerals, and Whitehaven Coal shares are falling today

These shares are starting the week in the red. But why?

Read more »

An older female ASX investor holds a gangster-style fist pump pose showing off gold rings with dollar signs on them.
Broker Notes

Why Macquarie forecasts Northern Star shares are set to surge 55%

Macquarie believes Northern Star shares are well-placed to rocket higher.

Read more »

A group of people gathered around a laptop computer with various expressions of interest, concern and surprise on their faces. All are wearing glasses.
Share Market News

ASX 200 tech stock near record high, is it still a buy?

This company's soaring share price and rising profits are turning heads.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Bellevue Gold, Bubs, Clarity Pharmaceuticals, and Regal Partners shares are rising today

These shares are starting the week on a positive note.

Read more »