The Motley Fool

Top brokers name 3 ASX shares to buy today

It has been another busy week of broker note releases with countless buy and sell recommendations being made.

Three buy ratings that caught my eye are listed below. Here’s why these shares are tipped as buys:

Accent Group Ltd (ASX: AX1)

Analysts at Citi have retained their buy rating and lifted the price target on this footwear retailer’s shares to $1.75 after it delivered a solid full year result on Tuesday. According to the note, the broker thinks Accent is one of the best investment opportunities in the retail space and sees a lot of upside for its shares in the future. This is likely to be driven by its conservative guidance, omnichannel growth opportunities, and its international rollout plans. I agree with Citi on Accent Group and feel that yesterday’s share price decline has created a buying opportunity for investors.

Adairs Ltd (ASX: ADH)

According to a note out of Goldman Sachs, its analysts have upgraded the home furnishings retailer’s shares to a buy rating and lifted the price target on them to $3.10. Goldman was pleased to see Adairs deliver a solid result in line with expectations on Monday when it posted a 45.4% increase in profits to $30.6 million. The company’s guidance was also in line with what the broker expected, giving its analysts the confidence to believe that the market may soon re-rate its shares given the strong momentum in its core business and a healthy balance sheet. I would agree with Goldman Sachs on Adairs and think it could be another retail turnaround story for investors to seize upon.

Appen Ltd (ASX: APX)

Another note out of Citi reveals that its analysts have retained their buy rating and lifted the price target on Appen’s shares to $17.13 following the release of its half year results. Yesterday Appen posted a 119% increase in first-half underlying net profit after tax to $17.8 million thanks largely to the impressive performance of its Content Relevance segment. It is this segment which Citi appears most bullish on and expects it to benefit from new client wins and cost-out opportunities. While I would prefer to buy in at a lower price, I still feel Appen could prove to be an excellent buy and hold investment even at these levels.

Finally, here are three more buy rated shares to consider snapping up in September.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. 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 Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now