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:
Breville Group Ltd (ASX: BRG)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $25.00 price target on this appliance manufacturer's shares. The broker believes that the pullback in the Breville share price has created a buying opportunity for investors. Especially given the company's international expansion and the broker's belief that it is well-placed to achieve its earnings estimates through to FY 2024. The Breville share price ended the week at $20.34.
Santos Ltd (ASX: STO)
A note out of Macquarie reveals that its analysts have retained their outperform rating but trimmed their price target on this energy producer's shares to $10.05. Although Macquarie was disappointed with Santos' production and revenue in the last quarter, it was pleased with its free cash flow generation. In light of the latter, the broker remains positive and sees value in its shares at the current level. The Santos share price was fetching $7.03 at Friday's close.
Woolworths Group Ltd (ASX: WOW)
Analysts at Goldman Sachs have retained their conviction buy rating and $40.50 price target on this retail giant's shares. This follows news that the company intends to acquire out of home media company Shopper Media Group for $150 million. Goldman believes the transaction is strategically in line with its view of the retail media business being the next material growth lever for Woolworths. The Woolworths share price ended the week at $37.25.
