Brokers name 3 ASX shares to buy right now

CSL Limited (ASX:CSL) and these ASX shares have been given buy ratings by brokers this week. Here's why they are bullish on them…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

CSL Limited (ASX: CSL)

According to a note out of Credit Suisse, its analysts have retained their outperform rating and lifted the price target on this biotherapeutics company's shares to $320.00. The broker made the move after upgrading its estimates due to favourable industry dynamics and its leading position in the immunoglobulins market. It suspects that management may upgrade its FY 2020 guidance when it releases its half year results. Another positive is that the northern hemisphere flu season appears to have started early and should support the growth of its Seqirus business. I agree with Credit Suisse and would be a buyer of its shares.

South32 Ltd (ASX: S32)

Analysts at Citi have retained their buy rating and lifted the price target on this mining giant's shares to $3.30. According to the note, the broker was relatively pleased with South32's quarterly update. During the quarter the company reported production growth for alumina, aluminium, silver, lead, and zinc. Overall, Citi continues to see value in its shares and remains positive despite its higher than normal tax rate. Whilst I think South32 could be a good option for investors, I have a preference for some of its rivals.

Super Retail Group Ltd (ASX: SUL)

A note out of Morgans reveals that its analysts have retained their add rating but trimmed the price target on this retailer's shares to $11.04. According to the note, the broker believes Super Retail's BCF and Macpac businesses could be negatively impacted the bushfires. However, it sees this as only a short term risk and remains positive on its outlook. It also likes the company due to its attractive valuation and generous dividend yield in a low interest rate environment. I agree with Morgans and feel Super Retail's shares are good value at this level.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of Super Retail Group 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.

More on Share Market News

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Three businesspeople leap high with the CBD in the background.
Share Market News

Boom! ASX 200 blasts to new record highs

ASX 200 investors just sent the benchmark index into uncharted territory.

Read more »