Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…

| More on:
A white and black clock face is shown with three hands saying Time to Buy reflecting Citi's view that it's time to buy ASX 200 banks

Image source: Getty Images

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

It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:

Eagers Automotive Ltd (ASX: APE)

According to a note out of Morgans, its analysts have retained their add rating and $16.70 price target on this auto retailer's shares. This follows news that it has signed an agreement to acquire a number of dealerships and associated properties for $205 million. Morgans expects the net earnings outcome to be ~3% accretion. It also notes that this portfolio optimisation provides Eagers Automative with immediate scale in the ACT, which will enable further geographic expansion of growth initiatives. The Eagers Automotive share price is trading at $13.89 on Friday.

Santos Ltd (ASX: STO)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $10.40 price target on this energy producer's shares. This follows the release of the company's climate change report this week. Morgan Stanley highlights that Santos is aiming to generate excess carbon credits from technologies to develop a carbon solutions business, creating new revenue streams and helping reduce customer emissions. The Santos share price is fetching $7.89 this afternoon.

Tabcorp Holdings Limited (ASX: TAH)

Analysts at Goldman Sachs have retained their buy rating and $6.20 price target on this gambling company's shares. This follows the release of Tabcorp's demerger update, which will see it spin off its lotteries business as a separately listed entity. Goldman is a fan of the plan and believes it could unlock significant shareholder value. The Tabcorp share price is trading at $5.51 on Friday afternoon.

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. owns and has recommended Goldman Sachs. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

Two smiling work colleagues discuss an investment or business plan at their office.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

Guess which beaten down ASX share is rocketing 11% today

Why are investors buying this beaten down stock? Let's find out.

Read more »

Broker working with share prices on computers.
Broker Notes

These 3 ASX All Ords stocks just got sizeable broker upgrades

Top brokers expect strong performance from these ASX All Ords stocks.

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
Broker Notes

Morgans says these ASX 200 stocks can rise 30%

Big returns could be on the cards for buyers of these shares.

Read more »

Successful group of people applauding in a business meeting and looking very happy.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A group of stockbrokers sit in a room with several computer screens in front of them as they discuss the Zip share price and Zip's merger with Sezzle
Broker Notes

Here are the latest broker rating changes on 3 prominent ASX shares

Brokers have delivered a mixed bag this week.

Read more »

Two people climb to the summit and raise their arms in success as the sun rises brightly over the mountains.
Financial Shares

'Strong momentum': 2 ASX financial shares backed by top fundie for 2025

ASX financial shares had a strong trading session on Tuesday with several new price records set.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Broker Notes

The best Australian shares to buy with $7,000 right now

Analysts think these shares could give you a good return on investment.

Read more »