Despite the heightened market volatility, brokers have been as busy as ever this week recommending shares to buy and sell.
Three shares rated as buys that caught my eye are listed below. Here’s why these brokers like them:
Adairs Ltd (ASX: ADH)
According to a note out of Goldman Sachs, it has retained it buy rating and $3.10 price target on this home furnishings retailer’s shares following the release of its trading update this morning. Goldman was pleased to see that Adairs has had a solid start to FY 2019 and that its full year guidance has been maintained. This morning the company advised that like for like sales were up 5.2% during the first 13 weeks of FY 2019. I agree with Goldman on Adairs and think it is one of the best options in the retail sector.
Amcor Limited (ASX: AMC)
Analysts at Deutsche Bank have retained their buy rating and $16.65 price target on the packaging giant’s shares following its annual general meeting yesterday. At the event Amcor provided a trading update and confirmed that a solid first quarter meant it was on track to achieve its guidance. Deutsche was pleased with this update and believes it confirms that the headwinds Amcor faced in FY 2018 were only temporary. While I do agree with Deutsche on Amcor, my preference in the industry remains Orora Ltd (ASX: ORA).
Transurban Group (ASX: TCL)
Another note out of Deutsche Bank reveals that it has retained its buy rating and $13.50 price target on this toll road giant’s shares following the release of its third quarter update and annual general meeting. The broker believes recent share price weakness is a buying opportunity and that its development pipeline underpins the growth of its distribution over the medium to long term. While I think that Transurban is a quality company, I’m staying away from shares that are classed as bond proxies in case they get sold off when bond yields widen.
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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 Transurban Group. 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.