Given how 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 that leading 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 Macquarie, its analysts have retained their outperform rating on this coal miner's shares with a trimmed price target of $3.10. Although Coronado is unlikely to achieve its guidance in FY 2022 due to poor weather, the broker remains positive thanks to strong metallurgical coal prices. The Coronado share price is trading at $2.00 on Monday afternoon.
Telstra Group Ltd (ASX: TLS)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating on this telco giant's shares with an improved price target of $4.75. The broker is feeling positive on Telstra's outlook thanks to the recent approval of a restructure. It notes that this means the company could unlock value by selling some of its infrastructure assets. Morgan Stanley suspects that a major share buyback could be undertaken if assets are sold off. The Telstra share price is fetching $4.01 on Monday.
Woodside Energy Group Ltd (ASX: WDS)
Analysts at Citi have retained their buy rating but trimmed their price target on this energy producer's shares to $38.50. Citi was pleased with Woodside's production growth plans for the coming years. And while it has cut its earnings guidance to reflect aspects of its guidance, it still expects some very big dividends in the near term. As a result, it retains its buy rating. The Woodside share price is trading at $36.49 this afternoon.
