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:
Chalice Mining Ltd (ASX: CHN)
According to a note out of Macquarie, its analysts have retained their outperform rating on this mineral exploration company's shares with a slashed price target of $2.00. The broker has reduced its valuation markedly to factor in future capital raisings. Nevertheless, Macquarie continues to see significant value in its shares and recommends them as a buy at current levels. The Chalice Mining share price is trading at 90 cents on Monday.
Nufarm Ltd (ASX: NUF)
A note out of Bell Potter reveals that its analysts have retained their buy rating on the agricultural chemicals company's shares with an improved price target of $6.35. The broker is feeling positive about the company's outlook following its annual general meeting update and recent rainfall across Australia. In addition, Bell Potter highlights that its shares are trading on lower multiples than its global peers. The Nufarm share price is fetching $5.56 this afternoon.
WiseTech Global Ltd (ASX: WTC)
Analysts at Morgan Stanley have retained their overweight rating and $85.00 price target on this logistics solutions company's shares. The broker believes that the company's results this month will be worth watching very closely. If WiseTech beats the market's expectation of 30% revenue growth, it suspects that its shares could jump. Though, it also warns that softer revenue growth could mean the opposite for its shares. The WiseTech share price is trading at $76.17 today.
