Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a 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:
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Chalice Mining Ltd (ASX: CHN)
According to a note out of Bell Potter, its analysts have retained their speculative buy rating on this mineral exploration company's shares with an improved price target of $12.00. The broker was pleased to see Chalice announce a major resource upgrade for the Gonneville deposit at its 100% owned Julimar Nickel-Copper-PGE project. Bell Potter feels this is a major positive development and reinforces Gonneville's status as a tier one, globally significant Ni-PGE deposit. The Chalice share price is trading at $7.58 today.
CSL Limited (ASX: CSL)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $339.00 price target on this biotherapeutics giant's shares. This follows CSL's European Investor Site Tour last week. Morgan Stanley was very pleased with what it saw on the tour and is now even more confident that margin improvement is coming for CSL. The CSL share price is fetching $295.22 this afternoon.
Seek Ltd (ASX: SEK)
Analysts at Macquarie have upgraded this job listings company's shares to an outperform rating with an improved price target of $32.50. This follows the release of a guidance update from Seek this week. Although it downgraded its FY 2023 revenue guidance, it has reaffirmed its earnings guidance and provided a five-year revenue growth target. The broker was pleased with this and sees the risks to the upside for investors. The Seek share price is trading at $24.83 on Wednesday.
