Top brokers up and down Australia have been busy adjusting financial models and recommendations again. This has resulted in a few shares being given buy ratings.
Three that caught my eye are listed below, here's why brokers think you should buy them:
Collins Foods Ltd (ASX: CKF)
According to a note out of UBS, its analysts have upgraded the KFC restaurant operator's shares to a buy rating from hold with a target price of $6.30 following its full-year results release. While Collins Foods result was below expectations, the broker appears to have seen enough from its European operations to believe that there are opportunities for the company to grow meaningfully on the continent. I agree with UBS on Collins Foods and think it would be a good option for patient buy and hold investors.
HUB24 Ltd (ASX: HUB)
A note out of Ord Minnett reveals that its analysts have retained their buy rating and increased the price target on this fintech company's shares to $13.75 following its recent market update. According to the note, HUB24's guidance has fallen a touch short of its expectations, but the broker believes that favourable tailwinds are accelerating and should benefit the company's future growth. I think HUB24 is well worth a look, especially after its sizeable decline today.
NIB Holdings Limited (ASX: NHF)
Analysts at Deutsche Bank have upgraded this private health insurer's shares to a buy rating from hold with a price target of $6.55. The broker made the move on the belief that NIB could be experiencing weaker claims trends following the recent update from Ramsay Health Care Limited (ASX: RHC). The private hospital operator downgraded its guidance last week after it noted weakness in procedural work and patient admissions in its Australian hospitals. While I think Deutsche makes a valid point, I'm not a fan of the space at the moment due to falling participation rates amid affordability issues.
