Top brokers name 3 ASX shares to buy today

With a large number of trading updates and quarterlies being released this week, brokers across Australia have been kept on their toes.

Unsurprisingly, this has led to a good number of broker notes hitting the wires.

Three buy ratings that caught my eye are listed below. Here’s why brokers are bullish on them:

Bravura Solutions Ltd (ASX: BVS)

According to a note out of the Macquarie equities desk, its analysts have retained their outperform rating and lifted the price target on this financial services platform provider’s shares to $4.50. Macquarie appears confident that Bravura will deliver a strong first half result after industry feedback pointed to strong demand for its offering. I agree with Macquarie on Bravura and think it is one of the best up and coming tech shares on the Australian share market.

GUD Holdings Limited (ASX: GUD)

A note out of UBS reveals that its analysts have upgraded this consumer products company’s shares to a buy rating, albeit with a lower price target of $12.30. According to the note, GUD’s first half result fell short of the broker’s expectations, but it appears confident that it was the result of a short term issue. In light of this and the sizeable pullback in its share price, the broker feels GUD’s shares are now in the buy zone. Whilst I think its shares are a lot more attractive after yesterday’s decline, I still see more value in some of its peers.

Newcrest Mining Limited (ASX: NCM)

Analysts at Citi have retained their buy rating and lifted the price target on this gold mining giant’s shares to $27.35 following its quarterly update. According to the note, the broker thought Newcrest delivered a strong quarter and appears pleased with the performance of its Cadia operation. In addition to this, the broker was pleased to see work begin on the new PC2-3 block cave at Cadia. Although I’m not a buyer of gold shares at this point, I’m a big fan of Newcrest and think it is well worth considering if you want exposure to gold.

Instead of Newcrest, I would be buying one of these growth shares that have been tipped as potential market beaters.

Analyst Names 3 ASX Growth Shares To Buy In February

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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 Bravura Solutions 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.

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