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:
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Boss Energy Ltd (ASX: BOE)
According to a note out of Bell Potter, its analysts have retained their buy rating on this uranium producer's shares with a reduced price target of $2.90. This follows the release of guidance for FY 2026. Bell Potter notes that its guidance for production of 1.6Mlbs was well short of its estimate of 1.99Mlbs and also the market's estimate of 1.7Mlbs. However, while this was disappointing, it believes the post-update selloff has created a buying opportunity for investors. It also notes that it takes the view that uranium prices will continue to rise over the coming years. This is good news and would provide margin relief for Boss Energy should its production costs remain elevated. The Boss Energy share price is trading at $1.81 today.
James Hardie Industries plc (ASX: JHX)
A note out of Macquarie reveals that its analysts have upgraded this building materials company's shares to an outperform rating with an improved price target of $46.80. The broker has now included the AZEK acquisition into its model. And while market conditions remain tough, it is feeling upbeat. This is due to the emergence of a better synergy position (or storyline) and the nearing of a cyclical recovery. In respect to synergies, the broker highlights that there are fundamental business model opportunities that leverage James Hardie's strengths that are under-appreciated in the ability to change profitability and cash flow profiles. The James Hardie share price is fetching $42.48 at the time of writing.
Polynovo Ltd (ASX: PNV)
Another note out of Macquarie reveals that its analysts have retained their outperform rating on this medical device company's shares with a trimmed price target of $2.45. This follows the release of a full year update which revealed strong sales growth in FY 2025. Overall, the broker appears pleased with the company's performance and continues to see significant value on offer here for investors even after trimming its valuation to reflect lower earnings per share forecasts. The Polynovo share price is trading at $1.33 on Wednesday afternoon.
