It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
BWX Ltd (ASX: BWX)
According to a note out of UBS, its analysts have initiated coverage on this personal care products company's shares with a buy rating and $5.50 price target. UBS is feeling positive on the Sukin owner's international expansion thanks to some recent agreements with major retailers such as Walmart and Chemist Warehouse. The BWX share price is trading at $4.22 today.
Domain Holdings Australia Ltd (ASX: DHG)
Another note out of UBS reveals that its analysts have upgraded this property listings company's shares to a buy rating with a $5.80 price target. This follows the release of CoreLogic data which revealed a significant jump in property listings during November. In addition, the broker believes recent weakness in the Domain share price has pulled it down to attractive levels. The Domain share price is fetching $5.29 on Friday.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Citi have retained their buy rating and $13.80 price target on this wine company's shares. This follows an analyst event with the management team of the company's Penfolds business. Citi was pleased with what it heard and appears positive on the outlook of the business. In addition, the broker is a fan of the Frank Family Vineyards acquisition and sees potential for it to expand Treasury Wine's market share in the luxury wine category and assist it with plans to reach a 25% margin. The Treasury Wine share price is trading at $11.80 on Friday.
