With most brokers taking a break over the holiday period, there haven't been many notes hitting the wires.
But never fear! Summarised below are three recent recommendations that remain very relevant today. Here's what brokers are saying about these ASX shares:
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GUD Holdings Limited (ASX: GUD)
According to a note out of Morgans, its analysts initiated coverage on this auto products company's shares with an add rating and $14.25 price target. The broker likes GUD due to its exposure to the auto parts sector. It notes that this gives the company a resilient earnings base on non-discretionary products that are benefiting from structural tailwinds. Morgans also sees opportunities for GUD to bolster its growth through acquisitions. The GUD share price ended the week at $12.
IGO Ltd (ASX: IGO)
A note out of Bell Potter revealed that its analysts have a buy rating and $11.30 price target on this battery materials miner's shares. Bell Potter believes that IGO's shares have been oversold this year following the lithium selloff. Especially given the long-term earnings potential of its assets, which it feels offers excellent leverage to the electrification thematic. In addition, it notes that IGO's Greenbushes Lithium Mine is the lowest-cost producer, which it feels could make it an attractive takeover option. The IGO share price was fetching $9.05 on Friday.
Xero Limited (ASX: XRO)
Analysts at Citi retained their buy rating and $129.40 price target on this cloud accounting platform provider's shares. This followed news that the UK government has reiterated its timelines for the Make Tax Digital initiative. Citi believes that this will be a big positive for Xero's subscriber growth in the UK market. So much so, that it sees upside risk to consensus subscriber forecasts in FY 2026 and FY 2027 thanks to this initiative. The Xero share price ended the week at $112.30.
