Top brokers name 3 ASX 200 shares to buy next week

Top brokers have named A2 Milk Company Ltd (ASX:A2M) and these ASX 200 shares as buys for next week. Here's why they are bullish…

| More on:

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

Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here's why brokers think investors ought to buy them next week:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of UBS, its analysts have retained their buy rating and NZ$22.00 (A$20.63) price target on this infant formula and fresh milk company's shares. The broker has been looking at industry data and believes a2 Milk's market share has held firm. As a result, it suspects there is upside risk to its earnings guidance. In addition to this, it appears confident on the future thanks to price increases and a potential new product launch. I agree with UBS and would be a buyer of a2 Milk's shares next week.

Afterpay Ltd (ASX: APT)

Analysts at Ord Minnett have retained their buy rating and lifted the price target on this payments company's shares materially to $64.70. According to the note, the broker believes Afterpay is well-positioned to take advantage of the accelerated shift to online shopping. It suspects there could be almost 10 million active customers using its platform by the end of FY 2020. I think Ord Minnett is on the money with Afterpay and feel it could be a top long term option.

Premier Investments Limited (ASX: PMV)

A note out of the Macquarie equities desk reveals that its analysts have upgraded this retail conglomerate's shares to an outperform rating with an improved price target of $20.11. According to the note, the broker believes that Premier Investments is well-positioned for growth thanks to its strong brands and growing online sales. I think Macquarie is spot on and Premier Investments could be a great option for investors looking to gain exposure to the retail sector.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia owns shares of A2 Milk and AFTERPAY T FPO. 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

IPO written in dark blue with a yellow background.
Financial Shares

ASX fintech stock backed by Mastercard slumps 9% on debut

Meet the ASX's newest fintech company.

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors kicked off the trading week in style today.

Read more »

young woman reviewing financial reports at desk with multiple computer screens
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 stocks.

Read more »

A businesswoman exhales a deep sigh after receiving bad news, and gets on with it.
Share Fallers

Why Bell Financial, IPD, Megaport, and Resolute Mining shares are falling today

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

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Liberty, Lovisa, Novonix, and SG Fleet shares are storming higher today

These shares are starting the week strongly. But why? Let's find out.

Read more »

Shot of a young businesswoman looking stressed out while working in an office.
Industrials Shares

This ASX share is tumbling 13% on reduced earnings forecast

Earnings are expected to fall in the first half, much to the dismay of the market.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Mergers & Acquisitions

Guess which ASX All Ords stock just rocketed 23% on a $1.2 billion offer

Investors are piling into the ASX All Ords stock amid a $1.2 billion takeover bid.

Read more »

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Technology Shares

Why today is a big day for Pro Medicus shares

Records are being broken by this share on Monday. What's going on?

Read more »