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 that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Endeavour Group Ltd (ASX: EDV)
According to a note out of Morgans, its analysts have upgraded this drinks giant's shares to an add rating with an improved price target to $7.80. Morgans notes that Endeavour's half year result was comfortably ahead of expectations with its retail margin performance the key standout. And while the regulatory environment remains uncertain, on balance, it thinks the risks lie to the upside with the underlying business performing well. The Endeavour share price is trading at $7.00 on Tuesday.
JB Hi-Fi Limited (ASX: JBH)
A note out of Citi reveals that its analysts have retained their buy rating and $55.00 price target on this retailer's shares. This follows the release of a result and trading update in line with its expectations. Overall, the broker continues to see upside risk to consensus expectations and plenty of value in its shares. The JB Hi-Fi share price is fetching $45.15 this afternoon.
REA Group Limited (ASX: REA)
Analysts at Goldman Sachs have retained their conviction buy rating and $158.00 price target on this property listings company's shares. Goldman was pleased with the realestate.com.au operator's half year results and believes both the quality of the company and its positive thesis were reinforced by it. The REA share price is trading at $121.66 on Tuesday.
