On Monday I had a look at a few shares which have been labelled as sells by leading brokers.
Today I thought I would look at three shares which have found favour with brokers and been given buy ratings.
They are as follows:
Amcor Limited (ASX: AMC)
According to a note out of the Macquarie equites desk, its analysts have retained their outperform rating on the packaging company following its half-year results release. The broker has, however, reduced its price target slightly to $16.15. The broker appears to have been pleased with the outlook for its Rigid Plastics segment in the second-half. I was a little underwhelmed with Amcor's result and wouldn't be a buyer of its shares just yet.
Ansell Limited (ASX: ANN)
A note out of Morgans reveals that its analysts have retained their add rating and increased the price target on the health and safety protection solutions provider following the release of its half-year results. The broker appears pleased with Ansell's solid first-half performance and its organic sales growth. Although management's guidance has been modestly increased, Morgans appears to believe it is being conservative and expects a strong second-half. As I said yesterday, I'm not a buyer at the current price. But if it were to come back a touch then I'd certainly be interested in the new-look Ansell.
SKYCITY Entertainment Group Limited (ASX: SKC)
Analysts at Goldman Sachs have reiterated the conviction buy rating and NZ$4.80 (A$4.43) price target on the casino and resort operator's shares following the release of its half-year results last week. SKYCITY's result came in slightly ahead of Goldman's expectations and reaffirmed its view that the company's new management team are repositioning the business for sustained growth. I would agree with Goldman on SKYCITY and believe it could be a great option for investors.
