It was a busy week for Australia's top brokers. This has led to a number of broker notes being released.
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:
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CAR Group Limited (ASX: CAR)
According to a note out of Morgans, its analysts have retained their buy rating on this auto listings company's shares with an improved price target of $34.00. This follows the release of an FY 2026 result that the broker notes was solid overall and broadly in line with expectations. It highlights that CAR Group delivered double-digit constant-currency growth in revenue and EBITDA across its offshore regions. Looking ahead, it points out that the company's guidance implies double-digit revenue and EBITDA growth will be maintained into FY 2027. In light of this, Morgans remains positive on CAR Group's investment thesis. The CAR Group share price ended the week at $30.10.
Premier Investments Ltd (ASX: PMV)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this retailer's shares with a reduced price target of $16.50. The broker notes that Premier Investments' trading update saw Premier Retail EBIT come in at ~$176 million, which is a ~3% miss to consensus estimates. Despite this, the broker believes that there is an investment opportunity here, highlighting that its shares are significantly undervalued. And while it suspects there could be a period of slow growth in the near to medium term, it believes this is more than priced in. Bell Potter points out that it estimates there is a ~$1.6 billion enterprise value for the key Peter Alexander brand versus the company's $1.9b market capitalisation. The Premier Investments share price was fetching $12.52 at Friday's close.
Treasury Wine Estates Ltd (ASX: TWE)
Another note out of Morgans reveals that its analysts have retained their buy rating on this wine giant's shares with a new price target of $7.30. This follows the release of FY 2026 results, which came in above the top end of its original EBITS guidance range. In addition, the Penfolds owner's net profit beat consensus expectations. And while FY 2027 is a transition year, Morgans thinks its guidance will still prove conservative and could be upgraded at the half-year result given the progress on inventory rebalancing and the strong depletions growth across key brands. In light of this, the broker sees value in the company's shares at current levels. The Treasury Wine share price ended the week at $5.91.
