MENU

Brokers name 3 ASX shares to buy today

It has been a busy week filled with countless quarterly reports, conferences, and annual general meetings. This has unsurprisingly led to a large number of broker notes being released.

Three shares that have fared well and been given buy ratings are listed below. Here’s why they are in favour with brokers:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Morgans, it has retained its add rating and lifted the price target on this gaming technology company’s shares to $34.89. The broker believes that the recent pullback in the Aristocrat Leisure share price has created a buying opportunity. Morgans is bullish on the company and expects solid growth from its digital business and notes its strong position in the U.S. slow market. I agree with Morgans on this one and think that Aristocrat Leisure is one of the best growth options on the market right now.

CSL Limited (ASX: CSL)

Analysts at Citi have upgraded this biopharmaceutical company’s shares to a buy rating from neutral. The broker has, however, trimmed its price target down to $218.00. According to the note, like Aristocrat Leisure, the broker believes the pullback in its share price brought about by rising bond yields is a buying opportunity for investors. I would have to agree with Citi on CSL and believe its shares are a great option for investors at these levels.

Galaxy Resources Limited (ASX: GXY)

A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating but cut the price target on this lithium miner’s shares to $3.00. According to the note, the broker was disappointed with Galaxy’s quarterly production but sees enough long term value in the company’s development pipeline to retain its positive rating. The price target has been cut partly to reflect an increase in Mt Cattlin costs and expectations that its Sal de Vida operation won’t be operating as soon as initially anticipated. I was disappointed with Galaxy’s quarter and would class its shares as a hold now until its performance improves.

Don't miss: Top tech share given a buy-rating

Discover why this legendary Australian stock-picker just issued a “Double Down” buy alert to his exclusive group of insiders… and why he’s convinced this might be the single most attractive entry point for years to come.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!