Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX 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

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:

Brickworks Limited (ASX: BKW)

According to a note out of Citi, its analysts have retained their buy rating and lifted their price target on this building products company's shares to $28.00. This follows the release of a full year result that was ahead of the broker's expectations. And while the broker doesn't expect the company's development profits to be as strong in FY 2023, it sees scope for upside surprise to estimates from its property earnings. The Brickworks share price is trading at $21.13 on Friday.

Coles Group Ltd (ASX: COL)

Another note out of Citi reveals that its analysts have retained their buy rating and $20.10 price target on this supermarket giant's shares. This follows news that the company has agreed to sell its Coles Express business for $300 million. The broker is a fan of the plan and expects the company to be able to focus its efforts on improving its core business which has been losing market share. Citi also believes the money from this sale could support the expansion of its supermarket network and store renewal program. The Coles share price Is fetching $16.29.

CSL Limited (ASX: CSL)

Analysts at Morgan Stanley have retained their overweight rating and $323.00 price target on this biotherapeutics company's shares. The broker highlights that the latest plasma collection data is very positive with further solid growth year on year. And with the company's shares pulling back materially from their highs, the broker sees a lot of value in them now. Particularly given its belief that its margin recovery is now starting. The CSL share price is trading at $276.90 today.

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. has positions in and has recommended Brickworks and CSL Ltd. The Motley Fool Australia has positions in and has recommended Brickworks and COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Miner puts thumbs up in front of gold mine quarry
Gold

Why Macquarie expects this ASX 200 gold stock to surge 55%

Macquarie forecasts a big rebound ahead for this beaten down ASX 200 gold miner.

Read more »

Man smiling at a laptop because of a rising share price.
Broker Notes

4 ASX shares to buy this week: experts

Looking for investment inspiration?

Read more »

Excited couple celebrating success while looking at smartphone.
Broker Notes

Macquarie forecasts 28% upside for this ASX All Ords stock

Let's see why the broker is feeling bullish about this name.

Read more »

A share market analyst looks at his computer screen in front of him showing ASX share price movements
Broker Notes

What's Macquarie focused on this earnings season?

Here's what the broker is saying about next month's results releases.

Read more »

A young man goes over his finances and investment portfolio at home.
Broker Notes

Should you buy Zip shares and sell NextDC shares?

Let's see what one analyst is saying about these popular shares.

Read more »

Two brokers analysing stocks.
Broker Notes

Morgans names 2 ASX shares to buy and 2 to hold

Let's see what the broker is saying about these shares.

Read more »

Hand holding out coal in front of a coal mine.
Broker Notes

Up 379% in 5 years, are Whitehaven Coal shares now a buy, hold or sell?

Here’s what Macquarie is forecasting for Whitehaven Coal shares into 2026.

Read more »

Woman with gold nuggets on her hand.
Broker Notes

Expert tips further upside for this surging ASX 200 gold stock

How much fuel is left in the tank for this gold mining heavyweight?

Read more »