With so many shares to choose from on the ASX, 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:
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CSL Limited (ASX: CSL)
According to a note out of UBS, its analysts have retained their buy rating and $346.00 price target on this biotherapeutics company's shares. This follows the release of data on a study evaluating the efficacy and safety of CSL112 to reduce the risk of cardiovascular death, heart attacks, and stroke in acute myocardial infarction patients. Based on the data, it believes CSL may be targeting a population group with more severe cardiovascular disease. However, it hasn't included the therapy into its forecasts just yet and will wait for further confirmation/approval. Outside this, the broker remains positive on CSL's prospects and notes strong demand for flu vaccines because of the pandemic. The CSL share price is currently fetching $303.98.
Jumbo Interactive Ltd (ASX: JIN)
Analysts at Goldman Sachs have initiated coverage on this online lottery ticket seller's shares with a buy rating and $14.50 price target. The broker likes Jumbo due to its belief that it is a capital light and high return on equity business operating as an online distribution arm within the high barriers to entry Lottery industry. Goldman is forecasting a 16% compound annual growth rate for its revenue over the next three years. This is expected to be supported by the lottery industry reaching an inflection point in digital penetration and the structural shift to online sales. The Jumbo share price last traded at $12.64.
Uniti Group Ltd (ASX: UWL)
A note out of Ord Minnett reveals that its analysts have retained their buy rating and $1.82 price target on this telco's shares. The broker notes that its acquisition of OptiComm is due to settle on 20 November. It is a big fan of the deal and expects it to substantially increase the quality of its earnings. It also estimates that it will lift the company's market share of the fibre-to-the-premises (FTTP) market to 12%. This makes it the number two player in this market. The Uniti share price is changing hands for $1.38 today.
