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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AGL Energy Limited (ASX: AGL)
According to a note out of UBS, its analysts have retained their buy rating on this energy giant's shares with a trimmed price target of $11.25. This follows the release of a first half result that was well ahead of the broker's expectations. UBS sees scope for further earnings outperformance in the coming years if its generation availability can be maintained. The AGL share price is trading at $8.72 on Monday.
News Corp (ASX: NWS)
Another note out of UBS reveals that its analysts have retained their buy rating on this media company's shares with an improved price target of $50.40. The broker was pleased with the company's performance during the December quarter and expects more of the same in the future thanks to its digital business. So, with its shares trading on lower than average multiples, it feels that now is a good time to invest. The News Corp share price is fetching $41.81 this afternoon.
Pro Medicus Limited (ASX: PME)
Analysts at Macquarie have initiated coverage on this health imaging technology company's shares with an outperform rating and $120.00 price target. The broker has been looking at the company's prospects in the US market. It believes Pro Medicus could grow its market share from 7% today to 15% in 2030 and 25% in FY 2035. This follows customer feedback that highlights that its Visage 7 software is faster and more efficient than the competition, The Pro Medicus share price is trading at $108.89 on Monday.
