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:
Aussie Broadband Ltd (ASX: ABB)
According to a note out of Credit Suisse, its analysts have retained their outperform rating and $4.80 price target on this broadband provider's shares. While the broker appears slightly disappointed with a slowdown in residential connections, it believes this has been driven partly by one-off impacts. However, it was pleased with the integration of the OTW business. It feels this business will be key to diversifying Aussie Broadband's earnings in the coming years thanks to its exposure to the enterprise market. The Aussie Broadband share price is trading at $3.15 on Wednesday.
BHP Group Ltd (ASX: BHP)
A note out of Citi reveals that its analysts have retained their buy rating and $44.50 price target on this mining giant's shares. Citi is expecting iron ore prices to strengthen later this year as steel production rates in China are supported by policy easing. It also sees constrained iron ore supply as a positive for prices. The broker is expecting this to underpin a fully franked dividend yield of approximately 10% in FY 2023. The BHP share price fetching $35.58 this afternoon.
Qualitas Ltd (ASX: QAL)
Analysts at Goldman Sachs have retained their buy rating and lifted their price target on this real estate investment company's shares to $3.20. This follows news that the company has received a major mandate from the Abu Dhabi Investment Authority. Goldman believes the mandate is a validation of the company's leading product breadth and track record in Australian CRE private credit strategies. Outside this, the broker sees Qualitas as a way to gain attractive exposure to an emerging asset class. The Qualitas share price is trading at $2.32 on Wednesday.
