Brokers name 3 ASX shares to buy

Brokers are feeling positive about these ASX shares…

| More on:
A trio of ASX shares analysts huddle together in an office with computer screens all around them showing share price movements

Image source: Getty Images

With the majority of brokers across Australia taking a well-earned break, broker notes are extremely limited present.

In light of this, listed below are a few recent broker recommendations that remain very relevant today. Here are three ASX shares rated as buys:

CSL Limited (ASX: CSL)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this biotherapeutics giant’s shares to $334.70. This follows the announcement of the acquisition of Vifor Pharma for $17 billion. Morgans doesn’t believe this deal is a sign that CSL’s core business’ growth is coming to an end. Rather, it feels it is a complementary acquisition with a strong product portfolio that has growth opportunities. The CSL share price is trading at $293.25 on Thursday.

Nearmap Ltd (ASX: NEA)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $3.20 price target on this aerial imagery and location intelligence company’s shares. Morgan Stanley was pleased to see that Nearmap reported strong growth in the North American market in recent months. It feels this bodes well for its first half results in February. The Nearmap share price is fetching $1.54 today.

South32 Ltd (ASX: S32)

Analysts at Macquarie have retained their outperform rating and lifted their price target on this mining giant’s shares to $5.00. According to the note, the broker is a fan of South32’s acquisition of an interest in the Sierra Gorda Copper Mine in Chile. Macquarie notes that this gives the company further exposure to the decarbonisation theme. Its analysts also expect the deal to boost the company’s earnings and have upgraded their estimates to reflect this. The South32 share price is trading at $4.03 on Thursday.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. and Nearmap Ltd. The Motley Fool Australia owns and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

man at casino throwing chips in the air
Broker Notes

Why the Aristocrat share price is surging again today

The gain comes on top of its 6.7% surge yesterday.

Read more »

A white and black clock face is shown with three hands saying Time to Buy reflecting Wilson Asset Management's two ASX share picks in its WAM Research portfolio
Broker Notes

Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares...

Read more »

A path through the grass leads to two signs, pointing to profit and loss
Broker Notes

These ASX All Ordinaries shares have the greatest margin risks from surging inflation: UBS

Several ASX shares could be at risk from the threat of higher inflation.

Read more »

plane flying across share markey graph, asx 200 travel shares, qantas share price
Travel Shares

Webjet share price tipped to rise: Broker says it ‘hasn’t wasted a crisis’

Webjet shares could be about to ascend according to one broker...

Read more »

Businesswoman whispering in male colleague's ear as he looks surprised
Travel Shares

‘Never waste a crisis’: Expert picks one ASX share he’d buy right now

Competitors have their hands tied behind their backs, and customers are climbing over each other. What more could a company…

Read more »

A woman holds a lightbulb in one hand and a wad of cash in the other
Dividend Investing

Top brokers name 3 ASX dividend shares to buy today

Top brokers have named 3 dividend shares they think are buys...

Read more »

A scene of a busy city streeet in Sydney with an old town hall in the background next to a modern high rise building with a blur of people walking in multiple directions on the footpaths in front of them.
Ask a Fund Manager

‘High quality’ ASX company that has all of Sydney as customers

Ask A Fund Manager: Glenmore Asset Management's Robert Gregory picks a stock that's so reliable he'd be happy to be…

Read more »

Red percentage sign on blocks on top of each other, symbolising interest rates.
Broker Notes

3 cheap ASX shares set to boom with higher interest rates: Wilsons

Most stocks hate when rates rise. But not this trio, which are inexpensive right now and have blue skies ahead,…

Read more »