Top brokers name 3 ASX shares to buy next week

Brokers are feeling positive about these ASX shares…

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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:

AGL Energy Limited (ASX: AGL)

According to a note out of Credit Suisse, its analysts have upgraded this energy company's shares to an outperform rating with a $8.20 price target. This follows the announcement of the company's plan to exit coal 10 years ahead of schedule in 2035. Credit Suisse appears supportive on the move. And while it expects this to lead to a decent increase in capital expenditures, the broker believes AGL's free cash flow will remain strong. The AGL share price ended the week at $6.84.

BHP Group Ltd (ASX: BHP)

A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this mining giant's shares to $44.00. Macquarie has increased its thermal coal price forecasts to reflect supply constraints and global energy security risks. This has led to the broker bumping its earnings estimates for BHP by approximately 5% per annum through to FY 2026. The BHP share price was fetching $38.52 at Friday's close.

Brickworks Limited (ASX: BKW)

Analysts at Morgans have retained their add rating and lifted their price target on this building products company's shares to $24.00. According to the note, Morgans was impressed with Brickworks' full year results, which came in ~10% ahead of consensus estimates. In addition, the broker highlights that its shares screen as cheap. This is based on the current discount to inferred NTA and the pipeline of value accretive projects that will potentially be realised over the coming years. The Brickworks share price ended the week at $21.54.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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