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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Calix Ltd (ASX: CXL)
According to a note out of Bell Potter, its analysts have retained their speculative buy rating on this environmental technology company's shares with a reduced price target of $7.25. This follows news that the company's Leilac business has entered into a binding and perpetual global licence agreement and a collaboration agreement with Heirloom Carbon Technologies. The Calix share price is trading at $2.82 on Wednesday.
Endeavour Group Ltd (ASX: EDV)
A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating on this drinks company's shares with a trimmed price target of $6.40. While Goldman felt that Endeavour's first quarter update was a touch mixed, it remains a fan. The broker believes that the company's shares are very attractively priced given its positive growth outlook and position as a clear consumer staple market leader. The Endeavour share price is fetching $4.94 today.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Morgan Stanley have retained their overweight rating and $14.50 price target on this wine giant's shares. This follows news that the company is acquiring California-based luxury win brand, DAOU. The broker believes the acquisition fills a key portfolio gap. And while it does have some niggling concerns about the long-term sustainability of DAOU's brand strength in the luxury category, it isn't enough to put it off. The Treasury Wine share price last traded at $12.10.
