With many brokers taking a break over the holiday period, broker notes are few and far between right now.
But don't worry, listed below are a few recent recommendations that remain relevant today. Here's what brokers are saying about these ASX shares:
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Collins Foods Ltd (ASX: CKF)
According to a note out of Morgans, its analysts have an add rating and $9.50 price target on this quick service restaurant operator's shares. Although Morgans was disappointed with the KFC operator's half year results, it believes the selling of its shares has been overdone and that this has created an attractive entry point for investors. The Collins Foods share price is trading at $7.20 on Friday afternoon.
Lovisa Holdings Ltd (ASX: LOV)
A note out of UBS reveals that its analysts have a buy rating and $29.00 price target on this fashion jewellery retailer's shares. UBS has been impressed with Lovisa's performance in FY 2023 and points out that it is outperforming its peers. It also highlights that the company's global expansion continues to gather pace with several new markets about to be entered. In light of this, the broker has lifted its earnings estimates and valuation accordingly. The Lovisa share price is fetching $23.30 on Friday.
Qantas Airways Limited (ASX: QAN)
Another note out of Morgans reveals that its analysts have an add rating and $8.50 price target on this airline operator's shares. The broker believes the discount being applied to Qantas' shares is unwarranted based on its stellar performance this year. And despite its shares rising strongly this year, it still sees plenty of value in them. This is based on its expectation that pent-up travel demand will underpin further EBITDA growth over FY24/25. The Qantas share price is trading at $6.04 this afternoon.
