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:
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Accent Group Ltd (ASX: AX1)
According to a note out of Bell Potter, its analysts have retained their buy rating on this footwear retailer's shares with a $2.50 price target. This follows the release of a half-year result in line with expectations. In addition, Bell Potter was encouraged by the company's start to the second half. Outside this, the broker believes Accent has a very positive outlook thanks to its scale and vertical brand strategy. The Accent share price is trading at $2.03 today.
Coles Group Ltd (ASX: COL)
A note out of Citi reveals that its analysts have retained their buy rating on this supermarket giant's shares with an improved price target of $19.00. The broker was pleased with the company's performance during the first half and believes it has more levers to pull to improve profitability. So much so, it is forecasting earnings growth comfortably ahead of expectations in FY 2025. The Coles share price is fetching $16.68 this afternoon.
NIB Holdings Limited (ASX: NHF)
Analysts at Goldman Sachs have retained their buy rating on this private health insurer's shares with a trimmed price target of $8.10. Goldman notes that on paper NIB reported a strong headline underlying operating profit result. However, the quality of the result was disappointing according to the broker. Nevertheless, it remains positive due to its defensive exposure to a private health insurance sector which is experiencing favourable operating trends. The NIB share price is trading at $7.37 on Wednesday.
