With so many shares to choose from on the Australian share market, it can be hard to decide which ones to buy.
The good news is that brokers across the country are doing a lot of the hard work for you.
Three top shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Boral Limited (ASX: BLD)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $6.50 price target on this building products company's shares following its investor day. The broker appears pleased that no change was made to the company's guidance and seems confident that cost cutting could help offset weaker demand in the local market. Whilst I'm not a buyer of its shares, they are trading on an undemanding valuation and could be worth a look if you want exposure to this side of the market.
Eclipx Group Ltd (ASX: ECX)
Analysts at Credit Suisse have upgraded this fleet management company's shares to an outperform rating and increased the price target on them to $1.40 from 80 cents following the release of its half year results. According to the note, the broker was pleased with management's decision to offload its non-core assets and focus on its core business. It expects the asset sales to strengthen its balance sheet. With Eclipx's shares rocketing 24% higher on Monday, I think it might be too late to get on board with this one.
Link Administration Holdings Ltd (ASX: LNK)
A note out of Morgans reveals that its analysts have retained their add rating but reduced the price target on this administration services company's shares to $7.34 following the release of its disappointing trading update last week. According to the note, the broker believes the Brexit-related issues are one-offs and investors should look beyond them to the long-term opportunity. Although I intend to wait for signs of improvement before considering an investment, I do think Morgans makes a fair point and Link could prove to be a great long-term investment for patient investors.
