With so many shares to choose from on the ASX, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Citi, its analysts have retained their buy rating and $42.80 price target on this gaming technology company's shares. While the broker notes that digital industry bookings have flattened out over the last 12 months, encouragingly, growth in industry Social Casino bookings continued in June with Aristocrat titles outperforming. Another positive is that its Merge Gardens bookings growth looks strong and is expected to offset declines in Evermerge bookings. The Aristocrat share price is trading at $39.32 today.
BHP Group Ltd (ASX: BHP)
A note out of Morgans reveals that its analysts have retained their add rating on this mining giant's shares with an improved price target of $51.70. The broker notes that in a sector battling volatile commodity prices and global inflationary pressures, it sees the Big Australian's shares as offering the best risk-reward proposition. And while a special dividend looks unlikely due to its recent US$7 billion OZ Minerals acquisition, the broker continues to expect above-average dividend yields from the miner's shares. The BHP share price is fetching $45.33 this afternoon.
Endeavour Group Ltd (ASX: EDV)
Analysts at Goldman Sachs have retained their buy rating and $7.50 price target on this drinks company's shares. This follows news that the Victorian state government is planning to make big changes to poker machine laws. While Goldman sees this as a negative, its analysts believe it is already captured in its risk-adjusted valuation. As a result, it continues to see a lot of value in its shares at the current level. The Endeavour share price is trading at $5.63 on Monday.