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:
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Accent Group Ltd (ASX: AX1)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $3.10 price target on this footwear and athleisure retailer's shares. Accent presented at Goldman Emerging Leaders conference and the broker was pleased with what it heard. It notes that cost pressures are starting to stabilise and Accent expects to offset this with one final price increase in July. In addition, it highlights that the company now has a higher return hurdle on new store openings to reflect a higher cost of capital. The Accent share price is trading at $2.48 today.
Alcidion Group Ltd (ASX: ALC)
A note out of Bell Potter reveals that its analysts have resume coverage on this commercial stage healthcare IT company's shares with a speculative buy rating and 20 cents price target. The broker believes that Alcidion is well-placed to benefit from governments across the globe supporting and funding the upgrade of hospitals to digital records and patient management systems. The Alcidion share price is fetching 11.5 cents on Tuesday.
Eagers Automotive Ltd (ASX: APE)
Analysts at Morgans have retained their add rating and $15.85 price target on this auto seller's shares. The broker highlights that electric vehicles (EV) sales have now hit 7.4% of the market. Morgans believes that Eagers is well-placed to benefit from this trend thanks to its direct leverage to EV penetration. The Eagers share price is trading at $13.75 this afternoon.
