Top brokers name 3 ASX shares to buy next week

Top brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys for next week. Here's why they are bullish on these shares…

| 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:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of UBS, its analysts have retained their buy rating and $29.60 price target on this gaming technology company's shares. The broker notes that an industry survey shows that Aristocrat's gaming machine sales fell less than expected during the June quarter. It also shows that its games are in demand, with three out of the top five premium leased machines belonging to Aristocrat. Though, it has warned that its second half earnings could underwhelm due to casino closures. I agree with UBS and believe Aristocrat Leisure would be a great long term investment option.

Corporate Travel Management Ltd (ASX: CTD)

A note out of Ord Minnett reveals that its analysts have upgraded this corporate travel company's shares to a buy rating with an improved price target of $12.97. According to the note, Ord Minnett believes it has more than enough liquidity to ride out the pandemic. It notes that this is a luxury that many of its competitors do not have. In light of this, the broker appears to believe Corporate Travel Management could come out of the crisis in a stronger position. Although I think Ord Minnett makes some great points, I intend to wait for the crisis to pass before considering an investment.

CSL Limited (ASX: CSL)

Another note out of UBS reveals that its analysts have retained their buy rating and $331.00 price target on this biotherapeutics company's shares ahead of its full year results in August. According to the note, the broker expects CSL to deliver a 15% increase in profit in FY 2020. And while it notes that CSL is facing headwinds in FY 2021, it appears optimistic that its vaccine sales will offset some of this. I agree with UBS on this one as well 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 CSL Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. 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

Doctor doing a telemedicine using laptop at a medical clinic
Healthcare Shares

3 small-cap ASX healthcare shares 'with strong prospects'

Fund manager IML discusses why these 3 ASX healthcare shares are likely to rise in value.

Read more »

Magnifying glass on a rising interest rate graph.
Share Market News

Will the RBA finally cut interest rates next week?

Let's see what economists are saying about the central bank's meeting.

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Broker Notes

7 ASX All Ords shares elevated to 'strong buy' status in October

The brokers turned bullish on these ASX companies last month.

Read more »

A businessman compares the growth trajectory of property versus shares.
Share Market News

How ASX shares vs. property performed in October

The national home value rose for the 21st consecutive month while the ASX 200 dipped.

Read more »

Person with thumbs down and a red sad face poster covering the face.
Share Fallers

The worst 3 ASX 200 stocks to buy and hold in October unmasked

You would have done well to avoid these three ASX 200 stocks in October.

Read more »

A female Woolworths customer leans on her shopping trolley as she rests her chin in her hand thinking about what to buy for dinner while also wondering why the Woolworths share price isn't doing as well as Coles recently
52-Week Lows

Why is the Woolworths share price at its lowest point since 2020?

We haven't seen Woolies shares this low since COVID.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why AFT, Amcor, Corporate Travel, and Macquarie shares are falling today

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

Read more »