It was another busy week for Australia's top brokers. This led to the release of a large number of broker notes.
Three ASX 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:
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Endeavour Group Ltd (ASX: EDV)
According to a note out of UBS, its analysts have upgraded this drinks giant's shares to a buy rating with an improved price target of $6. The broker believes that regulatory concerns are overdone and that its shares are great value after a sharp pullback over the last 12 months. The Endeavour share price was trading at $5.05 on Friday.
Liontown Resources Ltd (ASX: LTR)
A note out of Macquarie reveals that its analysts have retained their outperform rating and $2.70 price target on this lithium developer's shares. The broker has been pleased with the progress the company is making with the development of the Kathleen Valley Lithium Project. It also highlights that the project should be fully funded through to first production. The Liontown share price was fetching $1.38 at Friday's close.
Xero Limited (ASX: XRO)
Analysts at Citi have retained their buy rating and $129.40 price target on this cloud accounting platform provider's shares. This follows news that the UK government has reiterated its timelines for the Make Tax Digital initiative. Citi believes that this will be a big positive for Xero's subscriber growth in the UK market. In fact, it sees potential upside risk to consensus subs forecasts in FY 2026 and FY 2027 thanks to this initiative. The Xero share price ended the week at $105.
