With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
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Breville Group Ltd (ASX: BRG)
According to a note out of Goldman Sachs, its analysts have retained their buy rating on this appliance manufacturer's shares with a trimmed price target of $23.40. This follows the release of the company's trading update at its annual general meeting. While its first half performance has been a touch softer than it was expecting, the broker continues to forecast double digit earnings growth through to FY 2025. The Breville share price is trading at $21.33 today.
Monash IVF Group Ltd (ASX: MVF)
A note out of Morgans reveals that its analysts have retained their add rating and $1.24 price target on this fertility treatment company's shares. Morgans was pleased with Monash IVF's first quarter update and notes that management has reaffirmed its guidance for FY 2023. In light of this, its continued market share gains, and attractive valuation, the broker remains positive on the investment opportunity here. The Monash IVF share price is fetching 93.5 cents on Monday.
Pilbara Minerals Ltd (ASX: PLS)
Analysts at Macquarie have retained their outperform rating and $7.70 price target on this lithium miner's shares. Macquarie highlights that Pilbara Minerals has received $250 million of government debt funding for its growth projects. It was pleased with the news and continues to see value in the company's shares thanks to strong lithium prices. The Pilbara Minerals share price is trading at $5.32 this afternoon.
