MENU

Leading brokers name 3 ASX shares to buy today

Leading brokers have been as busy as ever making changes to financial models and recommendations.

Three shares that have fared well today are listed below. Here’s why they have been given buy ratings:

Corporate Travel Management Ltd (ASX: CTD)

According to a note out of Morgan Stanley, it has retained its overweight rating but cut its price target on the corporate travel specialist’s shares to $27.00. Although the broker expects the short seller attack to weigh on the company’s shares for a while, it still sees a lot of value in them at these levels. Especially given that its actual issues are more to do with poor communication from management and are not customer-related. I agree with Morgan Stanley on Corporate Travel Management. I think it could be a good share to buy, but it may trade flat for some time.

Smartgroup Corporation Ltd (ASX: SIQ)

A note out of Morgan reveals that its analysts have upgraded Smartgroup’s shares to an add rating with an $11.65 price target. According to the note, the broker believes that novated lease demand will have been solid so far in FY 2019 despite weakness in new car sales. So with Smartgroup’s shares falling significantly since its results release in August, Morgans thinks that now could be an opportune time to pick up shares. While it isn’t a share that I’m overly interested in, at under 17x estimated FY 2019 earnings it does look reasonably good value.

Treasury Wine Estates Ltd (ASX: TWE)

Another note out of Morgan Stanley reveals that its analysts have upgraded this global wine company’s shares to an overweight rating with a $20.00 price target. According to the note, the broker believes that its share price decline over the last couple of months has created a buying opportunity for investors. Morgan Stanley has suggested that concerns over its China business are overdone and believes that its growth in the country remains strong. I agree with the broker on this one as well and think Treasury Wine could be a good long-term investment.

And here is a fourth share that has been declared as a buy in November.

Motley Fool Australia Issues Rare "Double Down" Buy Alert

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

 

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

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

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Treasury Wine Estates 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.

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!