If you’re looking to take advantage of recent market volatility by making some new additions to your portfolio, then you may want to look at the shares listed below.
Here’s why these ASX shares have been rated as buys:
Breville Group Ltd (ASX: BRG)
The first ASX share to look at is Breville. It is a leading appliance manufacturer responsible for a number of popular brands. These include Kambrook, Sage and the eponymous Breville brand. Thanks to its global expansion, burgeoning product pipeline, and favourable consumer trends, it has been tipped to grow strongly over the long term. Morgans is positive on the company and has an add rating and $34.00 price target on its shares.
Lovisa Holdings Limited (ASX: LOV)
Another ASX share to look at is Lovisa. It is a fast-fashion jewellery retailer with a growing global store network. While the company surprised the market with the announcement of the exit of its long-serving CEO last year, its replacement has gone down very well with investors. Lovisa has appointed Victor Herrero as its new CEO. He was previously the Head of Asia Pacific and Managing Director Greater China for Inditex (Zara, Pull & Bear and Massimo Dutti), the CEO of Guess, and the CEO of Clarks. The team at Macquarie was pleased, especially given that Mr Herrero has experience in China and India. These will be a key focus for Lovisa’s expansion in the future. In light of this, Macquarie has put an outperform rating and $25.00 price target on its shares.
South32 Ltd (ASX: S32)
Finally, another ASX share to consider is South32. It is a diversified mining and metals company producing bauxite, alumina, aluminium, copper (soon), energy and metallurgical coal, manganese, nickel, silver, lead, and zinc. Thanks largely to its exposure to a number of in-demand commodities such as aluminium, it has been tipped to generate significant free cash flow in the coming years. It is for this reason that Goldman Sachs has a conviction buy rating and $4.60 price target on its shares. The broker is also expecting double digit dividend yields for a number of years.