Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.
Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:
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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 giant's shares. This follows a review of the healthcare sector. Citi highlights that the company's shares are underperforming the market this year but appears optimistic this will change as plasma collections begin to recover and the acquisition of Vifor Pharma closes. The CSL share price is trading at $262.52 on Wednesday afternoon.
IDP Education Ltd (ASX: IEL)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and lifted their price target on this student placement and language testing company's shares to $35.50. The broker highlights that new student visa data for February and March published by the ABS supports its thesis that second half student placement volumes will grow strongly. Outside this, the broker believes IDP is well-placed to benefit from compelling long-term structural growth in international student volumes and IELTS testing demand. The IDP share price is fetching $27.53 today.
Webjet Limited (ASX: WEB)
Analysts at Citi have upgraded this online travel agent's shares to a buy rating with an improved price target of $6.50. With a user pay business model largely exposed to volumes and low fixed costs, Citi thinks Webjet should be a relative leader in re-opening stock earnings. It also believes the company's B2B business will bounce back strongly, especially with its American growth opportunity. The Webjet share price is trading at $5.47 this afternoon.
