Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares.

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With most brokers taking a well-earned 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 very relevant today. Here's what brokers are saying about these ASX shares:

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.

Image source: Getty Images

CSL Limited (ASX: CSL)

According to a note out of Citi, its analysts have retained their buy rating and $325.00 price target on this biotechnology giant's shares. The broker highlights that it has been at rival Takeda's Plasma-Derived Therapies investor event and left feeling very positive about the outlook for immunoglobulin growth over the medium term despite competition from FcRns. In light of this, the broker remains confident in its growth forecasts for CSL's immunoglobulin business. The CSL share price is trading at $285.81 this afternoon.

Lovisa Holdings Ltd (ASX: LOV)

A note out of Morgans reveals that its analysts have retained their add rating and $27.50 price target on this fashion jewellery retailer's shares. The broker remains very positive on Lovisa following a review of the retail sector after recent updates at annual general meetings. In fact, following the review, Morgans has named it as one of its key picks in the sector. The Lovisa share price is fetching $24.60 on Friday.

Origin Energy Ltd (ASX: ORG)

Analysts at Macquarie have retained their outperform rating and $9.26 price target on this energy company's shares. This follows news that Origin has made another investment in the Octopus business. While the broker acknowledges that the investment will be cash flow negative in the near term, it doesn't believe Origin's dividends will suffer because of this. For example, Macquarie has pencilled in a 62 cents per share dividend this year and next, which implies yields greater than 7%. The Origin share price is trading at $8.38 on Friday.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in CSL and Lovisa. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Lovisa, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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