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Top brokers name 3 ASX shares to buy next week

Last week there were countless notes released by brokers declaring shares as buys and sells.

Three buy ratings that caught my eye are listed below. Here’s why I think they could be worth considering next week:

National Storage REIT (ASX: NSR)

According to a note out of Morgan Stanley, its analysts have restarted coverage on this self-storage giant with an overweight rating and $1.85 price target. Morgan Stanley believes Australian property shares could be poised for a positive run over the next 12 months and sees National Storage as a share to own. The broker feels that its shares offer good risk-adjusted returns and I completely agree. I think National Storage is one of the best dividend shares to buy right now.

REA Group Limited (ASX: REA)

Analysts at Morgans have retained their add rating and $95.21 price target on this real estate listings company’s shares. Although the residential property market is slowing, the broker believes that REA Group will continue its growth thanks to the increasing volume of its paid depth advertisements. I agree with this view and feel REA Group would be a good buy and hold investment despite the softening housing market.

Westpac Banking Corp (ASX: WBC)

A note out of Deutsche Bank reveals that it has retained its buy rating and $31.00 price target on this banking giant’s shares. The broker held firm with its rating despite the bank announcing a $285 million hit to its FY 2018 earnings because of refunds and provisions for recent litigation. Deutsche Bank had been expecting remediation costs related to its financial advice business and so this hasn’t come as a surprise. I agree with Deutsche and feel Westpac is a good option for investors that don’t already have meaningful exposure to the banks.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia has recommended National Storage REIT and REA Group 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 Scott Phillips.

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