Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to a number of broker notes being released 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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Capstone Copper Corp (ASX: CSC)
According to a note out of Morgans, its analysts have retained their buy rating on this copper producer's shares with a trimmed price target of $15.40. The broker has adjusted its FY 2026 production estimates to reflect the phasing of maintenance across assets and a revised production mix between cathode and sulphide output at Mantos Blancos and Mantoverde. While this has resulted in a slightly lower valuation, the broker remains very positive. It highlights that Capstone Copper has a very strong growth outlook and looks cheap compared to peers. The Capstone Copper share price is trading at $12.85 on Wednesday afternoon.
Qantas Airways Ltd (ASX: QAN)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this airline operator's shares with a trimmed price target of $11.00. This follows the release of a market update which revealed higher fuel costs compared to previous expectations. However, Macquarie was pleased to see that Qantas' yields have improved, which has led to international and domestic revenue growing more than expected. In addition, it thinks Qantas is well-placed to adapt to the war in the Middle East through its accelerated fleet retirement. The Qantas share price is fetching $9.12 at the time of writing.
Zip Co Ltd (ASX: ZIP)
Analysts at Citi have retained their buy rating and $2.60 price target on this buy now pay later provider's shares. According to the note, the broker has been looking at app data and believes it points to steady growth in downloads in March. In addition, app sessions data suggests that users are making more transactions. Citi believes this reflects the company's focus on transaction growth ahead of just new customer acquisitions. In light of this, the broker feels optimistic that Zip will release a solid quarterly update later this week. However, it will be keeping a close eye on US net bad debts. The Zip share price is trading at $1.85 on Wednesday.
