Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.
Here's why brokers think investors ought to buy them next week:
AGL Energy Limited (ASX: AGL)
According to a note out of Credit Suisse, its analysts have upgraded this energy company's shares to an outperform rating with an improved price target of $8.30. Credit Suisse appears to believe things are improving for AGL and have increased their earnings estimates to reflect this. This underpinned its higher price target and ultimately the upgrade to outperform. The AGL share price ended the week at $7.47.
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. This follows a review of the auto parts industry by Citi, which resulted in the broker naming GUD as its preferred pick. It expects GUD's numerous automotive businesses to benefit from consumers holding onto their cars for longer. This is expected to boost demand for after market car parts. The GUD share price was fetching $12.13 at Friday's close.
Telstra Corporation Ltd (ASX: TLS)
Analysts at Ord Minnett have retained their buy rating and lifted their price target on this telco giant's shares to $4.85. According to the note, the broker believes Telstra is well-placed to deliver on its medium term targets. It also notes that the company has further monetisation opportunities from asset sales. These could support further capital management initiatives. The Telstra share price ended the week at $4.22.
