With most brokers taking a well-earned break over the holiday period, broker notes are few and far between right now.
But don't worry, listed below are a few recent recommendations that remains very relevant today. Here's what brokers are saying about these ASX shares:
Allkem Ltd (ASX: AKE)
According to a note out of Goldman Sachs, its analysts have a buy rating and $15.20 price target on this lithium miner's shares. Although the broker is expecting lithium prices to fall materially in the coming years, it remains positive on Allkem. It likes the miner due to its attractive valuation at 1x NAV and its plan to grow production 4x by FY 2027. The latter is expected to largely offset weaker lithium prices. The Allkem share price is trading at $11.01 today.
Telstra Group Ltd (ASX: TLS)
A note out of Morgan Stanley reveals that its analysts have an overweight rating and $4.75 price target on this telco giant's shares. Morgan Stanley is positive on Telstra's outlook thanks to the recent approval of a restructure. Its analysts note 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 $3.99 on Thursday.
Temple & Webster Group Ltd (ASX: TPW)
Another note out of Goldman Sachs reveals that its analysts have a buy rating and $7.50 price target on this online furniture retailer's shares. While Goldman has reduced its earnings estimates slightly following Temple & Webster's trading update, it remains bullish. This is because the broker believes that the company has one of the strongest long term structural growth opportunities under coverage. So much so, it is forecasting a 22% EBITDA CAGR over the next 10 years. The Temple & Webster share price is trading at $4.39 this afternoon.
