It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Bank of Queensland Ltd (ASX: BOQ)
According to a note out of Credit Suisse, its analysts have retained their outperform rating and $10.00 price target on this regional bank's shares. This is despite the broker expecting a below consensus full year profit next week when the bank releases its results. Looking ahead, Credit Suisse is feeling positive on Bank of Queensland's outlook due to rising interest rates and potential net interest margin expansion. The Bank of Queensland share price is trading at $6.90 on Friday.
Domain Holdings Australia Ltd (ASX: DHG)
A note out of UBS reveals that its analysts have retained their buy rating but trimmed their price target on this property listings company's shares to $4.00. Although UBS acknowledges that listing volumes will be soft and has reduced its forecasts accordingly, it feels the market is being too bearish. Particularly given strong employment levels and tight rental markets. In light of this, it feels recent weakness in the Domain's share price has created a buying opportunity for investors. The Domain share price is fetching $3.34 today.
Eagers Automotive Ltd (ASX: APE)
Analysts at Morgans have retained their add rating and $14.58 price target on this auto retailer's shares. According to the note, the broker highlights that in September new vehicle sales were up 12.1% year over year and 6.1% over 2019 levels. And while it notes that demand is softening in the US and the same could happen in Australia, the broker points out that there is limited evidence of this to-date. The Eagers Automotive share price is trading at $11.64.
