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:
Domino's Pizza Enterprises Ltd. (ASX: DMP)
A note out of Goldman Sachs reveals that its analysts have reiterated their buy rating and lifted their price target to $62.60. The broker was pleased with the pizza chain operator's latest update. That update revealed that its global network of restaurants has been impacted differently by the coronavirus pandemic. But on the whole its performance appears to have been positive. I agree with Goldman Sachs and would be a buyer of its shares.
Infomedia Limited (ASX: IFM)
According to a note out of UBS, its analysts have retained their buy rating but reduced the price target on this automotive software company's shares to $2.05. The broker believes its recent $85 million capital raising could be used for acquisitions. And while tough conditions being experienced by auto OEMs could be a headwind in the short term, it remains positive on its long term outlook. I think Infomedia might be worth a closer look at the current level.
IPH Ltd (ASX: IPH)
A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating but trimmed the price target on this intellectual property services company's shares to $9.60. It likes IPH due to its relatively defensive earnings and notes that patent filing volumes were quite resilient during the global financial crisis. IPH believes the company is the best option in the space for investors. I think Macquarie makes some good points and IPH could be worth a look.
