With so many shares to choose from on the Australian share market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
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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 $2.00. This follows the release of an update on future production at the Honeymoon project. While the update was very disappointing and makes the project's future uncertain, Bell Potter sees potential for it to work. And given its bullish view on uranium prices, it doesn't think higher costs are the end of the story. It continues to assume production of 1.6M pounds per annum over a 10-year mine life. Outside this, the broker feels that Boss Energy's cheap valuation could make it a takeover target. The Boss Energy share price is trading at $1.30 on Monday afternoon.
Charter Hall Retail REIT (ASX: CQR)
A note out of Citi reveals that its analysts have retained their buy rating and $4.50 price target on this property company's shares. The broker has been busy adjusting its estimates for the REIT industry to reflect its forecast for two rate hikes by the Reserve Bank of Australia in 2026. This is expected to lead to a modest increase in financing costs for REITs. Nevertheless, given resilient consumer demand and constrained new supply, the broker remains positive and continues to rate the Charter Hall Retail REIT highly. So much so, it is one of its top picks in the industry. The Charter Hall Retail REIT share price is fetching $4.12 at the time of writing.
Vulcan Energy Resources Ltd (ASX: VUL)
Another note out of Bell Potter reveals that its analysts have retained their speculative buy rating on this lithium developer's shares with a reduced price target of $5.05. This follows news that the company has raised funds for phase one of the Lionheart project. Bell Potter was impressed with the strong level of strategic support for the company and Lionheart project. Outside this, when the project is operational, the broker believes it will be well-placed to benefit as lithium markets rebalance over the medium term. In fact, the broker expects average annual EBITDA of 290 million euros (A$513 million). Though, it concedes that as an asset development company with only forecast cash flow, it is a speculative pick. The Vulcan Energy share price is trading at $3.93 on Monday.
