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:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Macquarie, its analysts have retained their outperform rating on this gaming technology company's shares with an improved price target of $48.50. Macquarie is feeling very positive on the company's outlook in the key Americas region. Particularly given the solid operating environment thanks to casino revenue growth and resilient budgets. The broker also recently spoke positively about Aristocrat's NFL poker machine launch. It sees potential for up to ~4,400 machines to be installed. The Aristocrat share price is trading at $41.19 today.
Lifestyle Communities Ltd (ASX: LIC)
A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating on this retirement communities company's shares with a slightly improved price target of $25.25. Following a detailed bottom-up analysis of the company's development pipeline, the broker remains as bullish as ever. It believes the company is well-positioned in a structurally growing sector. The Lifestyle Communities share price is fetching $16.81 this afternoon.
Nickel Industries Ltd (ASX: NIC)
Analysts at Bell Potter have retained their buy rating and $1.64 price target on this nickel miner's shares. This follows news that the company has completed a placement to a United Tractors subsidiary at $1.10 a share. This represents a major premium to the current share price, which it feels is a strong endorsement of the company's assets, management, and strategic objectives. The Nickel Industries share price is trading at 76.5 cents on Monday.
