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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Computershare Ltd (ASX: CPU)
According to a note out of Morgans, its analysts have retained their add rating on this share registry company's shares with a lower price target of $25.86. The broker notes that Computershare has downgraded its margin guidance for FY 2024 due to lower bond yields. While disappointed with the downgrade, the broker continues to see plenty of value in its shares at the current levels. It also sees the company's simplification strategy as a positive. The Computershare share price is trading at $21.57 today.
Endeavour Group Ltd (ASX: EDV)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this drinks company's shares with a trimmed price target of $7.50. Goldman was pleased with the company's performance during the third-quarter, with sales coming in 2.8% ahead of its estimates. However, the broker has reduced its earnings estimates to reflect higher than expected interest rates. Nevertheless, it still expects an earnings per share compound annual growth rate of 8% through to FY 2025. In light of this, the broker continues to believe its shares are attractive. The Endeavour share price is fetching $6.36 today.
Woolworths Group Ltd (ASX: WOW)
Analysts at Citi have retained their buy rating and $42.20 price target on this retail giant's shares. This follows the release of a sales update that was comfortably ahead of the broker's forecasts. Looking ahead, the broker believes more of the same could be coming in FY 2024 and feels that the market consensus estimate is too low. The Woolworths share price is trading at $38.75 this afternoon.
