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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Bank of Queensland Ltd (ASX: BOQ)
According to a note out of UBS, its analysts have initiated coverage on this regional bank's shares with a buy rating and $8.00 price target. The broker made the move on the belief that Bank of Queensland's shares offer the most value in the sector at present. It highlights that the bank trades on low multiples and at a large discount to the rest of the big banks. The Bank of Queensland share price is trading at $7.03 today.
Healius Ltd (ASX: HLS)
A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this healthcare company's shares to $4.50. This follows the release of a solid result for FY 2022. And while the broker notes that COVID uncertainty continues to limit quantitative guidance, Morgans remains positive on its outlook. It believes well managed costs, ongoing efficiencies and growth initiatives, some level of COVID testing, and a backlog in diagnosis and surgery will lay the groundwork for solid growth. The Healius share price is fetching $3.60 this afternoon.
Lovisa Holdings Ltd (ASX: LOV)
Analysts at Macquarie have retained their outperform rating and lifted their price target on this fashion jewellery retailer's shares to $27.70. This follows the release of a full year result that came in ahead of Macquarie's expectations. Its analysts remain positive on the future, particularly in the current environment. The broker feels that Lovisa's low price point jewellery will perform well in an economic downturn. The Lovisa share price is trading at $22.79 on Wednesday.
