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:
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Goodman Group (ASX: GMG)
According to a note out of Macquarie, its analysts have retained their outperform rating on this industrial property company's shares with an improved price target of $34.89. The broker has been looking at the listed property sector following earnings. It was so pleased with Goodman's performance that it has highlighted the company as a top pick in the sector. Pleasingly, it believes the company's strong form can continues and is forecasting deliver double-digit earnings growth over the coming years. The Goodman share price ended the week at $30.86.
Liontown Resources Ltd (ASX: LTR)
A note out of Bell Potter reveals that its analysts have retained their speculative buy rating on this lithium developer's shares with an improved price target of $1.90. This follows the announcement of a $550 million senior secured syndicated debt facility. The broker notes that this has reduced its near-term funding overhang and will see the company through to its first production and the ramp-up to 3mtpa. The Liontown share price was fetching $1.25 on Friday.
Telstra Group Ltd (ASX: TLS)
Another note out of Bell Potter reveals that its analysts have upgraded this telco giant's shares to a buy rating with a $4.25 price target. Bell Potter made the move on valuation grounds following a period of underperformance from Telstra's shares. It highlights that this has left them looking reasonable value trading on an FY 2025 price to earnings (PE) ratio of under 20x. Bell Potter notes that this is lower than the average multiples of other comparable companies. The Telstra share price ended the week at $3.83.
