Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending this week.

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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:

Computershare Ltd (ASX: CPU)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this administration services company's shares to $28.93. This follows news that Computershare has agreed to sell its US Mortgage Services Business for US$720 million. The broker was pleased with the news and the reasonable sale price it has received. Morgans thinks the returned capital will be better deployed in a more value-accretive way elsewhere. The Computershare share price is trading at $25.76 today.

CSL Limited (ASX: CSL)

A note out of Macquarie reveals that its analysts have retained their outperform rating but trimmed their price target on this biotherapeutics giant's shares to $321. The broker has been looking at CSL's R&D pipeline and highlights the potential of the CSL112 product. It notes that the landmark AEGIS-II study investigating CSL112 in the prevention of a major adverse cardiovascular event is due to deliver results early next year. It suspects that a good result could give CSL's shares a major boost given its $30 per share valuation of CSL112. The CSL share price is fetching $247.88 on Wednesday.

Wesfarmers Ltd (ASX: WES)

Another note out of Macquarie reveals that its analysts have retained their outperform rating on this conglomerate's shares with an improved price target of $57.00. Macquarie has been looking at Wesfarmers' key Bunnings business and sees an opportunity for a major sales boost if it can win more mid-week trade customer spend. The Wesfarmers share price is trading at $52.15.

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Macquarie Group, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Macquarie Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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