Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.
Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:
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CSL Limited (ASX: CSL)
According to a note out of Macquarie, its analysts have retained their outperform rating and $326.00 price target on this biotherapeutics company's shares. This follows the release of an FY 2023 result that was in line with expectations. Looking ahead, the broker appears pleased with CSL's Horizon strategy which is aiming to deliver operational improvements. The CSL share price is trading at $271.42 on Wednesday.
Life360 Inc (ASX: 360)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this location technology company's shares with an improved price target of $10.50. Bell Potter highlights that Life360's performance in the second quarter was ahead of expectations. It was also pleased to see that management has upgraded its earnings guidance for the calendar year. All in all, the broker has given the result two thumbs up and remains as positive as ever. It continues to forecast very strong growth in the coming years. The Life360 share price is fetching $8.61 this afternoon.
Pilbara Minerals Ltd (ASX: PLS)
Analysts at Morgans have retained their add rating on this lithium miner's shares with a trimmed price target of $5.80. According to the note, the broker isn't overly concerned by a quicker-than-expected decline in lithium prices. That's because current prices are still at levels that underpin big profits for Pilbara Minerals. It is for this reason that the broker has a preference for miners rather than developers or explorers right now. The Pilbara Minerals share price is trading at $4.83 today.
