Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

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Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.

Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Macquarie, its analysts have retained their outperform rating and $48.50 price target on this gaming technology company's shares. The broker is feeling confident ahead of the company's half year results release this week. It is expecting a result in line with consensus expectations. This will mean earnings growth of approximately 6% year on year. After which, the broker believes Aristocrat is well positioned to accelerate its growth thanks to the diversity of its portfolio. This is expected to offset any competitive pressure in the key North American market. The Aristocrat share price is trading at $40.60 at the time of writing.


Analysts at UBS have retained their buy rating and $330.00 price target on this biotherapeutics giant's shares. This follows the release of a quarterly update from the company's collections partner, Terumo. It notes that Terumo's update revealed that it has ramped up the rollout of CSL's new Rika collection platform to more centres in the United States. In fact, the ramp-up appears to be ahead of schedule, with the FY 2024 target already reached. This can only be good news given the benefits of the new technology on plasma yields. The CSL share price is fetching $284.02 on Wednesday afternoon.

Eagers Automotive Ltd (ASX: APE)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this auto retailer's shares with a trimmed price target of $14.75. Unlike Aristocrat Leisure, a reasonably mixed update is expected from Eagers Automotive next week. Bell Potter is expecting the company's underlying net profit before tax for the first four months of 2024 to be broadly in line with the prior corresponding period. This is due to strong Toyota sales in Australia being largely offset by the negatives of a lower contribution from BYD and any impact from its cyber security incident. Nevertheless, due to its low earnings multiples and big dividend yield, the broker feels its shares are great value at current levels and retains its buy recommendation. The Eagers Automotive share price is trading at $12.54 on Wednesday.

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL and Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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