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:
Coronado Global Resources Inc (ASX: CRN)
According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this coal miner's shares to $2.40. This follows the release of a quarterly update which revealed stronger than expected revenue and earnings. The broker was also pleased to see a special dividend declared. All in all, Morgans believes Coronado Global's shares are cheap based on its coal price forecasts. The Coronado Global share price is trading at $2.13 on Wednesday.
CSL Limited (ASX: CSL)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $327.00 price target on this biotherapeutics giant's shares. Morgan Stanley highlights that rival Takeda has released an update recently and reported strong immunoglobulin sales and a positive outlook for its plasma collection centre rollout. The broker believes this news could bode well for CSL's own performance. The CSL share price is fetching $283.87 today.
Nextdc Ltd (ASX: NXT)
Analysts at Macquarie have retained their outperform rating on this data centre operator's shares with a trimmed price target of $11.40. Macquarie notes that the NextDC share price has tumbled notably lower since the release of its results in August. It believes this could be a buying opportunity for investors. Particularly given its belief that the company's business model is defensive, which is positive in the current environment. The NextDC share price is trading at $8.67 this afternoon.
