Brokers name 4 ASX shares to buy today

One problem many investors have is finding companies that are worthy of further research.

Typically, investors will look straight to the big-name companies such as the major banks or the miners, together with Telstra and even Woolworths.

Others tend to look for shares which have rallied strongly based on the expectation they will continue to rise, while some look for those which could be near to bottoming out after a prolonged decline.

There is no right or wrong answer, and every investor has their own approach. However, one of the best ways is to look for companies that have been recommended by stockbrokers and other research houses.

They won’t all be winners, but they can certainly be a source of new ideas for your research.

  1. Aconex Limited (ASX: ACX) has received plenty of attention lately thanks to its incredible share price performance over the last 12 months or so. However, Deutsche Bank still rates it a buy, setting a price target of $7.85 that is 17.5% above today’s price of $6.68. The shares aren’t cheap, per se, but they are worthy of a closer look.
  2. EVOLUTION FPO (ASX: EVN) is also on the radar of financial services group UBS, which has set a price target of $1.98. The gold miner’s share price is already sitting at $1.89, but could have more room to run if the gold price does continue to rise. However, investors should be aware that the shares could also fall from their current level if gold prices do retreat as the level of uncertainty facing the global economy diminishes.
  3. oOh!Media Ltd (ASX: OML) is one of Australia’s leading out-of-home advertising businesses, allowing its customers to advertise their goods and services on the company’s various billboards and static or digital signs. In a fast-growing market, Credit Suisse has set a price target of $4.95, up from its current level of $4.66.
  4. Notably, Credit Suisse is also bullish on oOh!Media’s rival, APN Outdoor Group Ltd (ASX: APO). Although it has already generated huge gains for shareholders in recent times to trade at $6.66 a share, Credit Suisse set a price target of $7.05 earlier this month.

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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