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 Ltd (ASX: ALL)
According to a note out of Bell Potter, its analysts have retained their buy rating and $79.00 price target on this gaming technology company's shares. This follows the release of industry data which revealed that Aristocrat has been performing strongly. In fact, it notes that there has been strong uptake for Phoenix Link, which is performing at an impressive 2.4x floor average. In addition, its 8-year-old Dragon Link game was one of the fastest growing games during the last month with 165 net adds, performing at an industry leading 3.0x floor average. All in all, combined with its R&D investment, the broker believes that this leaves the company well-positioned to drive share gains in each of the markets it operates in. The Aristocrat share price is trading at $65.64 today.
Greatland Resources Limited (ASX: GGP)
A note out of Macquarie reveals that its analysts have initiated coverage on this gold miner's shares with an outperform rating and $7.80 price target. This follows its listing on the Australian share market earlier this week. The broker views Greatland Resources' listing on the ASX as a positive and notes that it has been well received. It also views the gold price and Havieron feasibility study (due in the fourth quarter of 2025) as key fundamental drivers. The Greatland Resources share price is fetching $7.23 at the time of writing.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at UBS have retained their buy rating on this wine giant's shares with a reduced price target of $10.00. According to the note, the broker was pleased to see the company maintain its (downgraded) earnings guidance for FY 2025. However, it was disappointed that its earnings outlook for FY 2026 has been lowered. This follows a downgrade to Penfolds' earnings estimates and softer sales in the DAOU business. In light of this, the broker has reduced its earnings estimates for the coming years. Though, it continues to see value in its shares at current levels and therefore has maintained its buy recommendation. The Treasury Wine share price is trading at $7.89 today.
