Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.
Here's why brokers think investors ought to buy them next week:
Image source: Getty Images
GQG Partners Inc (ASX: GQG)
According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this fund manager's shares to $2.27. Morgans was pleased with GQG's full year results and expects more of the same in FY 2022 thanks to the positive performance of its strategies. The broker expects this to solidify its near-term flows outlook. In light of this, it feels the recent de-rating of its shares is unwarranted and a buying opportunity. The GQG share price was trading at $1.32 at Friday's close.
Transurban Group (ASX: TCL)
A note out of Macquarie reveals that its analysts have retained their outperform rating with a slightly trimmed price target of $14.80. The broker has been looking at recent traffic data and was pleased to see that some of its roads were now at pre-pandemic levels. Others, particularly those linking to airports, are expected to follow in time once travel markets return to normal. The Transurban share price was fetching $12.59 at the end of the week.
WiseTech Global Ltd (ASX: WTC)
Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this logistic solutions company's shares to $50.00. This follows the release of the company's half year results at the end last month. According to the note, the broker thought that WiseTech delivered a strong half year result, which has led to its analysts upgrading their earnings forecasts. The WiseTech share price ended the week at $46.03.
