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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Allkem Ltd (ASX: AKE)
According to a note out of Macquarie, its analysts have retained their outperform rating and $16.20 price target on this lithium miner's shares. This follows news that Allkem has signed a deal with Minera Santa Rita to swap assets. This will see Allkem transfer its Borax Argentina project to Minera Santa Rita in exchange for the Maria Victoria lithium tenements close to the Olaroz project. Macquarie notes that this will simplify things and make Allkem a pureplay lithium miner. The Allkem share price is trading at $12.34 on Wednesday.
Goodman Group (ASX: GMG)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $25.40 price target on this integrated industrial property company's shares. This follows the release of a full year result that was broadly in line with its expectations. Looking ahead, the broker believes that Goodman will outperform its guidance in FY 2023 thanks to continued strong fundamentals that are underpinning demand for high-quality, well located logistics assets. The Goodman share price is fetching $21.08 this afternoon.
SEEK Limited (ASX: SEK)
Analysts at Morgans have upgraded this job listings company's shares to an add rating with a trimmed price target of $29.40. This follows the release of a mixed full year result which beat on the top line but missed on the bottom line. Nevertheless, Morgans remains positive and believes that strong domestic listings and candidate shortages will continue to drive increased reliance/utilisation of Seek's products. And while volume growth is expected to normalise in FY 2023 from the record high levels seen this year, the broker believes Seek has the ability to pull levers to drive yield growth. The Seek share price is trading at $23.48 on Wednesday afternoon.
