With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
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BHP Group Ltd (ASX: BHP)
A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this mining giant's shares to $60.00. Macquarie has upgraded its earnings estimates and valuation in response to higher commodity prices. The broker also highlights that BHP's shares are trading on a double-digit free cash flow yield, which bodes well for dividends in the coming years. The BHP share price is fetching $47.48 at the time of writing.
CSL Limited (ASX: CSL)
According to a note out of Citi, its analysts have retained their buy rating and $335.00 price target on this biotherapeutics company's shares. Citi has been looking at industry data and believes that plasma collections will be above pre-pandemic levels in 2022. Combined with the potential completion of its acquisition of Vifor Pharma, it feels this could give investor sentiment a major boost. The CSL share price is trading at $262.56 on Monday afternoon.
Dicker Data Ltd (ASX: DDR)
Analysts at Morgan Stanley have commenced coverage on this IT distributor's shares with an overweight rating and $16.00 price target. Morgan Stanley believes Dicker Data is well-placed for growth over the medium term thanks to industry tailwinds. Especially given its leadership position in the industry and strong technical capabilities thanks to its new distribution centre. The Dicker Data share price is trading at $13.88 this afternoon.
