With most brokers taking a well-earned break over the holiday period, broker notes are few and far between right now.
But don't worry, listed below are a few recent recommendations that remain very relevant today. Here's what brokers are saying about these ASX shares:
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A2 Milk Company Ltd (ASX: A2M)
According to a note out of Citi, its analysts upgraded this infant formula company's shares to a buy rating with an improved price target of $4.81. This followed the release of an update at A2 Milk's annual general meeting. Citi was pleasantly surprised with the unexpected reiteration of its FY 2024 earnings guidance. It feels this and the reasonably positive commentary suggests that the second-half earnings skew may not be as significant as previously thought. The A2 Milk share price is trading at $4.10 today.
Boss Energy Ltd (ASX: BOE)
A note out of Macquarie reveals that its analysts retained their outperform rating and $5 price target on this uranium developer's shares. This was in response to news that Boss Energy has signed its maiden sales contract. Macquarie was pleased with the news and highlights that its first production is due very shortly, which means it won't be long until the company is able to take advantage of strong uranium prices. The Boss Energy share price is fetching $4.34 on Friday.
Newmont Corporation (ASX: NEM)
Another note out of Macquarie reveals that its analysts retained their outperform rating and $69 price target on this gold miner's shares. Macquarie came away from a site visit at the Boddington gold mine feeling very positive. The broker believes the mine has global significance and the potential for its mine life to be extended out as far away as the 2060s. The Newmont share price is trading at $59.74 this afternoon.
