It has been another busy week for Australia's top brokers. This has led to the release of a number of broker notes.
Three 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:
Champion Iron Ltd (ASX: CIA)
According to a note out of Goldman Sachs, its analysts have retained their buy rating on this iron ore miner's shares with an improved price target of $9.40. This follows the release of a strong quarterly update with record production and earnings and cash flow comfortably ahead of expectations. The Champion Iron share price is trading at $8.51.
CSL Limited (ASX: CSL)
A note out of Citi reveals that its analysts have retained their buy rating and $325.00 price target on this biotechnology company's shares. Citi highlights that a number of the company's rivals have released positive updates that support its bullish view. This includes strong overall demand for immunoglobulins and potential market share gains for CSL. The CSL share price is fetching $299.83 on Friday.
Capricorn Metals Ltd (ASX: CMM)
Analysts at Bell Potter have retained their buy rating on this gold miner's shares with an improved price target of $5.95. This follows the release of a quarterly update from the Karlawinda Gold Project which revealed a slight production beat and costs that were effectively in line with forecasts. Outside this, the broker highlights that Capricorn is a sector leading gold producer with a strong balance sheet and a management team with an excellent track record of delivery. The Capricorn share price is trading at $4.65 this morning.
