Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.
Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:
Domain Holdings Australia Ltd (ASX: DHG)
According to a note out of Bell Potter, its analysts have initiated coverage on this property listings company's shares with a buy rating and $3.95 price target. The broker highlights that Domain's shares are trading at an all-time high discount to its main rival on the ASX. It sees this as a buying opportunity, particularly given the positive operating environment. The Domain share price is trading at $3.51 today.
Lovisa Holdings Ltd (ASX: LOV)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this fashion jewellery retailer's shares with an improved price target of $26.50. The broker has been looking into the company's opportunity in China and likes what it sees. It notes that the market is 25 times larger than Australia. It also highlights that the latest customer reviews for Lovisa from Mainland China on the dominant social media app, Xiaohongshu, have been positive. The Lovisa share price is fetching $23.74 on Wednesday.
Virgin Money UK (ASX: VUK)
Analysts at Macquarie have retained their outperform rating on this UK bank's shares with an increased price target of $3.70. This follows the release of a quarterly update that was in line with expectations. In addition, the broker highlights that the UK economy has been improving steadily. In light of this, it feels that Virgin Money UK's shares are looking attractive at current levels. The Virgin Money UK share price is trading at $3.10 today.
