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:
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Dexus Convenience Retail REIT (ASX: DXC)
According to a note out of Bell Potter, its analysts have retained their buy rating and $2.85 price target on this property company's shares. This follows a review of Australian REITs ahead of earnings season. Bell Potter likes the convenience retail/service station REIT due to its strong tenant base and attractive valuation. The Dexus Convenience Retail REIT share price is currently trading at $2.60.
IGO Ltd (ASX: IGO)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this battery materials miner's shares with a trimmed price target of $9.70. The broker believes that IGO remains a top option for investors even while lithium prices are falling. That's because its low costs leave it well-placed to navigate the tough operating environment. It also believes it is unlikely that ongoing sales curtailments will go beyond March. The IGO share price is fetching $7.87 on Monday.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Macquarie have resumed coverage on this wine giant's shares with an outperform rating and $14.00 price target. The broker appears pleased with the acquisition of DAOU in the United States, noting that it makes the company the largest luxury wine maker in the country. And while it acknowledges that it paid a full price for the deal, it believes it will be worth it in the future. In addition, the broker is optimistic that the China market will reopen to Treasury Wine this year. The Treasury Wine share price is trading at $10.32 today.
