It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Macquarie, its analysts have retained their outperform rating and $46.50 price target on this gaming technology company's shares. Macquarie is very positive on the company's iGaming opportunity and believes the proposed acquisition of NeoGames will play a key role in this. The Aristocrat share price is trading at $37.88 on Friday.
BHP Group Ltd (ASX: BHP)
A note out of Morgans reveals that its analysts have retained their add rating on this mining giant's shares with a trimmed price target of $51.30. This follows the release of a solid quarterly update which revealed production and costs in line with guidance for almost all of BHP's operations. The broker feels this demonstrates why BHP deserves to trade at a premium to peers. And while its FY 2024 iron ore shipments guidance was short of the market's expectations, it isn't enough to worry the broker. The BHP share price is fetching $44.99 this afternoon.
Flight Centre Travel Group Ltd (ASX: FLT)
Analysts at Ord Minnett have upgraded this travel agent's shares to a buy rating with an improved price target of $26.75. This follows the release of an earnings guidance upgrade this week. The broker was pleased with the upgrade and management's commentary. And while Ord Minnett still expects long-term revenue margins to be softer than pre-pandemic levels, it now feels its estimates were too low and has boosted them accordingly. The Flight Centre share price is trading at $22.11 today.
