With so many shares to choose from on the ASX, it can be difficult 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:
Azure Minerals Ltd (ASX: AZS)
According to a note out of Bell Potter, its analysts have initiated coverage on this lithium explorer's shares with a speculative buy rating and $2 price target. Its analysts have been impressed with recent drilling results from the Andover project. All in all, the broker feels this points to the project potentially being a tier-one asset. The Azure Minerals share price is trading at $1.46 on Monday.
Endeavour Group Ltd (ASX: EDV)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this drinks company's shares with a trimmed price target of $6.90. While the broker has concerns over consumer spending, it feels that Endeavour will be less impacted by this. In light of this, Macquarie continues to rate the company as its top pick in the category. The Endeavour share price is fetching $6.21 this afternoon.
Mineral Resources Ltd (ASX: MIN)
Another note out of Macquarie reveals that its analysts have retained their outperform rating on this mining and mining services company's shares with a trimmed price target of $105. Macquarie has been looking at commodity prices and has revised its earnings estimates to reflect softer near-term expectations. But even after doing so, it sees significant value in the company's shares at the current level. The Mineral Resources share price is trading at $69.12 at the time of writing.
