Leading brokers name 3 ASX shares to buy today

On Wednesday I had a look at a number of shares which had fallen out of favour with brokers and been given sell ratings.

Today I thought I would look at the shares that have found favour with brokers this week and been given buy ratings.

Three that caught my eye are listed below. Here’s why brokers think they are in the buy zone:

Ansell Limited (ASX: ANN)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating on the health and safety solutions company’s shares and increased their price target from $25.20 to $27.64. The broker is optimistic that a transparent half-year result that reveals future growth drivers could lead to a re-rating of its shares. In addition to this, the broker notes that positive manufacturing data could be a sign that the company is well-positioned to hit the upper end of its guidance range. While I expect a much improved performance from Ansell, I think this has already been reflected in its share price and would class it as a hold.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

A note out of the equities desk of Macquarie reveals that its analysts have retained their outperform rating and lifted the price target on the airport operator’s shares to $7.46. The broker appears to have been impressed by the strong growth in traffic in 2017 and believes that a recent pull-back in its share price has left it trading at an attractive level. As long as Sydney Airport doesn’t get dragged down as bond yields rise, I think it could be a good option for investors. Especially considering the inbound tourism boom that Australia continues to experience.

Treasury Wine Estates Ltd (ASX: TWE)

Analysts at UBS have retained their buy rating and increased the price target on the wine company’s shares to $19.10 following the release of its half-year result. The result came in ahead of the broker’s estimates and its future guidance was in line with its expectations. The broker also appears to have responded well to the company’s plan to make major changes to its route to market strategy in the US market. As I said earlier this week, I think Treasury Wine Estates is a quality company but just a touch too expensive at this point. I intend to wait for a decent pull back before buying shares.

Here are three more shares that I think ought to be classed as strong buys.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Sydney Airport Holdings Limited. The Motley Fool Australia has recommended Treasury Wine Estates Limited. 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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