Brokers name 3 ASX shares to buy today

Brokers have named Bravura Solutions Ltd (ASX:BVS) and these ASX shares as buys this week. Here's why they are positive on them…

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Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here's why brokers think these ASX shares are in the buy zone:

Bravura Solutions Ltd (ASX: BVS)

A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and lifted the price target on this fintech company's shares to $6.20. The broker appears pleased with Bravura's first half results, which came in ahead of its expectations. It also notes that its guidance for the full year has been maintained. Looking ahead, Macquarie seems optimistic on the Midwinter and FinoComp acquisitions, which are expected to underpin its growth over the coming years. I agree with Macquarie on Bravura and feel it could be a very good long-term option.

Perpetual Limited (ASX: PPT)

Analysts at Morgan Stanley have upgraded this fund manager's shares to an overweight rating with an increased price target of $55.00 following its half year update. Although Perpetual posted a decline in profits, the broker was pleased with the performance of parts of its Australian business and its good costs control. In addition to this, Morgan Stanley appears to have been pleasantly surprised with the progress of its U.S. based platform and sees a lot of potential. Especially following the acquisition of Trillium. Whilst it isn't a company that I'm a big fan of, I do think it could be worth a closer look.

Qantas Airways Limited (ASX: QAN)

According to a note out of UBS, its analysts have retained their buy rating and lifted the price target on this airline operator's shares to $7.40. The broker notes that Qantas delivered a first half profit ahead of its estimates after revenue growth accelerated in the second quarter. It was also pleased to see the company cut capacity to reduce the impact of the coronavirus outbreak on its profits. Overall, it appears to believe that investors should look beyond this short term headwind and focus on the future. I agree with UBS and feel Qantas could be a good option for investors if the coronavirus outbreak doesn't escalate.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended 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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