Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…

| More on:
ASX shares Business man marking buy on board and underlining it

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

GUD Holdings Limited (ASX: GUD)

A note out of Citi reveals that its analysts have retained their buy rating and $15.70 price target on this specialist products company's shares. Citi has been looking at the auto parts industry and picked out GUD as its preferred exposure. It expects the company's Automotive business to benefit from consumers holding onto their cars for longer. This is expected to underpin demand for after market car parts. GUD owns the Ryco, Wesfil, Goss, Narva and Projecta brands. The GUD share price is fetching $12.13 today.

Qantas Airways Limited (ASX: QAN)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $7.00 price target on this airline operator's shares. This follows the release of a trading update which revealed that Qantas is cutting its third quarter capacity in response to rising COVID cases. Morgan Stanley suspects these changes could hit its earnings by $340 million and has therefore reduced its FY 2022 underlying earnings estimate to $210 million. The Qantas share price is trading at $5.01 on Friday afternoon.

TPG Telecom Ltd (ASX: TPG)

Analysts at Ord Minnett have upgraded this telco giant's shares to a buy rating with an improved price target of $7.45. According to the note, the broker believes TPG's shares are good value given its favourable outlook from a post-COVID recovery. This is expected to be underpinned by subscriber growth and better mobile pricing. It also sees opportunities to unlock value from asset monetisation. The TPG share price is fetching $6.39 today.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended TPG Telecom Limited. 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

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Broker looking at the share price.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Broker Notes

Guess which ASX 200 share offers 12% upside and a 4% dividend yield

Bell Potter just slapped a buy rating on this stock.

Read more »

A man leaps from a stack of gold coins to the next, each one higher than the last.
Broker Notes

Qantas or Telstra share price: Which will climb higher in 2024?

Let's see what top broker Goldman Sachs has to say about these ASX blue-chip stocks.

Read more »

A woman smiles as she sits on the bus using her phone and listening to music through headphones.
Small Cap Shares

3 small-cap ASX shares with 'long runways for growth'

DNR's Sam Twidale reckons investors could do worse than buy these guys for the long run.

Read more »

Woman using laptop for job search
Investing Strategies

2 ASX 200 shares to buy for 'strong growth' at decent prices right now

Searching for a bargain? Here's a pair that Catapult's Dylan Evans has his eyes on at the moment.

Read more »

A Paladin Energy miner wearing a hard hat and protective gear stands in front of a large mining truck and smiles to the camera.
Energy Shares

Uranium is set to boom, and this is the 'premium' ASX stock to buy

Shaw and Partners' Jed Richards reckons these are the shares to buy for the nuclear energy theme.

Read more »

female in hard hat crosses fingers
Investing Strategies

The ASX 200 stock that could get second time lucky

These shares have failed to impress in 2024, but many experts believe it's a bargain buy.

Read more »