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:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Morgans, its analysts have retained their add rating on this gaming technology company's shares with an improved price target of $46. This follows the company's analyst briefing which revealed that it continues to perform in line with expectations. In addition, management gave a very upbeat update on the NFL poker machine launch. The Aristocrat share price is trading at $42.30 today.
Azure Minerals Ltd (ASX: AZS)
A note out of Bell Potter reveals that its analysts have retained their speculative buy rating and $4.90 price target on this lithium explorer's shares. While the broker acknowledges that the market was disappointed with drilling results from Target Area 2, it points out that only two holes have been drilled so far. So, there's still plenty more drilling to come, as well as the promising Target Area 3. The Azure Minerals share price is fetching $2.58 this afternoon.
IDP Education Ltd (ASX: IEL)
Analysts at Goldman Sachs have retained their buy rating and $29.65 price target on this language testing and student placement company's shares. The broker believes that the company's premium valuation is justified given the medium-term earnings potential. This is due partly to structural growth in multi-destination placements, supplemented by an ongoing Australian recovery. The IDP Education share price is trading at $23.46 on Wednesday.
