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:
Goodman Group (ASX: GMG)
According to a note out of UBS, its analysts have upgraded this integrated property company's shares to a buy rating with an improved price target of $23.00. The broker has been looking at the property sector and favours Goodman. This is particularly the case with its logistics exposure, which UBS prefers due to high rent growth potential and record low vacancy rates. The Goodman share price ended the week at $19.92.
Pilbara Minerals Ltd (ASX: PLS)
A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this lithium miner's shares to $5.40. Morgans made the move in response to the release of a quarterly update that was well ahead of the broker's expectations. The broker has also lifted its medium-term lithium price assumptions on the belief that tight conditions will continue. This is due to a trend of project slippage from other lithium producers. The Pilbara Minerals share price was fetching $4.90 at Friday's close.
Universal Store Holdings Ltd (ASX: UNI)
Analysts at Goldman Sachs have reiterated their buy rating on this youth fashion retailer's shares with an improved price target of $7.55. According to the note, a recent update from a fellow retailer has given Goldman incremental confidence in the youth consumer discretionary category during the key holiday period. The broker has boosted its earnings estimates and valuation to reflect this. The Universal Store share price closed the week at $5.89.
