A large number of broker notes have hit the wires this week, leading to many popular shares being declared buys and sells.
Three shares that are in favour with brokers and have been given a buy rating are listed below. Here's why they are bullish on them:
Helloworld Travel Ltd (ASX: HLO)
According to a note out of Ord Minnett, its analysts have retained their buy rating and lifted the price target on this travel company's shares to $6.40 following the announcement of its acquisition of corporate travel specialist TravelEdge. The broker believes this is a good acquisition and expects it to benefit from synergies. I agree with Ord Minnett on Helloworld and think it would be a good option in the travel sector.
Nufarm Limited (ASX: NUF)
Analysts at Citi have retained their buy rating and $6.00 price target on this agricultural chemicals company's shares ahead of its full year results release next week. According to the note, the broker acknowledges that expectations are low for FY 2019 and believes the real focus will be on its guidance for the year ahead. It appears confident that Nufarm will rebound in FY 2020 and continues to rate its shares as a buy. Another positive for the broker is that its Omega-3 commercialisation is on track. Whilst I think Citi makes some great points and Nufarm looks good value at these levels, I intend to wait for its results before considering an investment.
Treasury Wine Estates Ltd (ASX: TWE)
A note out of Morgans reveals that its analysts have retained their add rating and lifted the price target on this wine company's shares to $20.60 following its investor day event. According to the note, its analysts remains confident that its solid growth can continue and notes that its Vintages 2016-2019 are expected to support strong earnings growth through to FY 2022. I would have to agree with Morgans on Treasury Wine Estates and also class its shares as a buy.
