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:
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Bega Cheese Ltd (ASX: BGA)
According to a note out of Bell Potter, its analysts have retained their buy rating on this diversified food company's shares with an improved price target of $4.10. Bell Potter notes that Bega trades at a meaningful discount to global dairy FMCG peers. In addition, it feels that the market is implying limited success on its >$250 million FY 2028 EBITDA target, but it appears to believe it is possible. The Bega Cheese share price is trading at $3.38 on Monday.
Capricorn Metals Ltd (ASX: CMM)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this gold miner's shares with an improved price target of $5.70. This follows the release of an updated mineral resource estimate for the Mt Gibson Gold Project. The broker was pleased with the update and feels that it reinforces the project as a compelling organic growth option. Outside this, it likes Capricorn because its gold production costs are among the lowest in the sector and it consistently generates strong cash margins. The Capricorn Metals share price is fetching $4.56 today.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at Goldman Sachs have retained their buy rating on this wine giant's shares with a trimmed price target of $12.40. This follows the completion of its acquisition of DAOU Vineyards. Goldman was pleased with the purchase and believes the pro-active transition into a more premium portfolio via acquisitions after multiple attempts of organic build is the right move to take. The Treasury Wine share price is trading at $10.51 this afternoon.
