Due to the Christmas and New Year period, a number of brokers are taking well-deserved breaks.
As a result, it has been a little quiet on the broker note front again this week.
But don't worry, if you're looking for buy ideas then here are three recent buy ratings that have caught my eye:
Atomos Ltd (ASX: AMS)
According to a note out of Morgans, its analysts have recommenced coverage on this video technology company's shares with an add rating and $1.64 price target. The broker appears positive on the acquisition of Timecode Systems following its $22 million capital raising. Morgans expects Timecode Systems' strategic IP to be implemented into Atomos products over time. It feels this could be a big selling point as it has developed technology that enables video/audio to be synced at the point of capture. This is historically very expensive to do, but Atomos will be able to commercialise it for mass-market use. I think Atomos is worth watching closely in 2020.
Premier Investments Limited (ASX: PMV)
A note out of UBS reveals that its analysts have retained their buy rating and $20.95 price target on this retail group's shares. According to the note, the broker is very positive on the global roll out of the Smiggle brand. In fact, UBS suspects there is a chance that Premier Investments could outperform its medium term forecasts thanks to this roll out. Especially given how the rest of the business is performing well. I agree with UBS and think Premier Investments is a top option in the retail sector.
Telstra Corporation Ltd (ASX: TLS)
Analysts at Goldman Sachs have retained their conviction buy rating and $4.30 price target on this telco giant's shares. According to the note, the broker believes that Telstra's free cash flow outlook is attractive in this low-interest rate environment. In addition to this, it believes that Telstra is on track to return to underlying growth in FY 2020 thanks to its significant cost cutting and the improving outlook for the mobile market. Goldman expects Telstra to continue paying a 16 cents per share fully franked dividend over its forecast horizon. This equates to a 4.4% dividend yield based on its last close price. I agree with Goldman on Telstra and would also be a buyer of its shares.
