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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Bank of Queensland Limited (ASX: BOQ)
According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this regional bank's shares to $8.75. Citi has reduced its earnings estimates on the back of lower interest earning assets assumptions. While this has led to a reduction in its valuation, the broker sees plenty of value and retains its buy rating. The Bank of Queensland share price is trading at $6.78 on Monday.
CSL Limited (ASX: CSL)
A note out of Macquarie reveals that its analysts have retained their outperform rating and $312.00 price target on this biotherapeutics company's shares. Macquarie notes that plasma collection centre foot traffic continued to improve in the United States in June. As a result, it estimates that plasma collections are now at pre-COVID levels, which bodes well for the company's growth in the coming years. The CSL share price is fetching $273.99 today.
Netwealth Group Ltd (ASX: NWL)
Analysts at Credit Suisse have retained their outperform rating but cut their price target on this investment platform provider's shares to $15.70. According to the note, the broker has downgraded its earnings estimates to account for higher costs. However, its analysts believe recent weakness in the sector has offset this and mean its shares remain great value even after the downgrade. The Netwealth share price is trading at $12.42 on Monday afternoon.
