It has been another busy week for many of 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 right now:
Beach Energy Ltd (ASX: BPT)
According to a note out of Bell Potter, its analysts have retained their buy rating on this energy producer's shares with an improved price target of $1.70. The broker was pleased with Beach Energy's performance during the first half and is feeling positive about its outlook. It highlights that Waitsia Stage 2 is expected to ramp up from the middle of 2025 and the new Otway well connections should offset the Western Flank decline. Furthermore, it highlights that capital expenditure is now trending lower and production growth will see earnings and free cash flow lift from FY 2026. The Beach Energy share price is trading at $1.36 on Friday morning.
BlueScope Steel Limited (ASX: BSL)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $26.70 price target on this steel producer's shares. Goldman believes that the first half of FY 2025 will see BlueScope report a trough in its earnings due to low Asian steel spreads impacting its Australian steel earnings. However, it feels it is onwards and upwards from here. As a result, the broker feels that now is a good time to invest. Especially given its compelling valuation and strong balance sheet. The former sees BlueScope trading at just 0.7x net asset value. The BlueScope share price is fetching $21.49 at the time of writing.
News Corporation (ASX: NWS)
Another note out of Goldman Sachs reveals that its analysts have retained their buy rating on this media giant's shares with an improved price target of $61.00. This follows the release of a quarterly update that the broker felt was very strong. It highlights that all segments delivered results ahead of its expectations during the half. Goldman also points out that the Dow Jones business' EBITDA growth looks set to accelerate in the second half thanks to stronger circulation and subscription trends as promotional offers roll-off. All in all, the broker believes that News Corp is well-placed for growth and sees value in its shares at current levels. The News Corp share price is trading at $54.25 on Friday.
