In afternoon trade, the
S&P/ASX 200 Index (ASX: XJO) is on course to record a modest gain. At the time of writing, the benchmark index is up slightly to 7,032.7 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:
The Corporate Travel Management share price is up 4% to $20.18. Today’s gain appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has upgraded the corporate travel company’s shares to an outperform rating with a $20.75 price target. It made the move amid signs of a strong recovery in the US and ANZ markets.
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With so many shares to choose from on the ASX, it can be hard 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:
According to a note out of
Macquarie, its analysts have upgraded this corporate travel specialist’s shares to an
outperform rating with an improved price target of $20.75. The broker made the move amid signs of a strengthening recovery in travel, particularly in the United States, Australia, and New Zealand. It appears optimistic that this will continue thanks to the rapid vaccine rollout in the U.S. and falling numbers of COVID cases. This has led to Macquarie lifting its revenue forecasts for the coming years. The Corporate Travel Management share price is fetching $20.05 today.
ASX 200 Weekly Wrap: ASX whipsaws in volatile week
ASX 200 Weekly Wrap: ASX whipsaws in volatile week
Here on our ASX 200 Foolish Weekly Wrap, we look at the things that moved the S&P/ASX 200 Index and the broader share market last week!
Sebastian Bowen has been a Motley Fool contributor since late 2018.
Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one - buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record.
2 ASX 200 blue chip shares that might be the best to buy
2 ASX 200 blue chip shares that might be the best to buy
These 2 S&P/ASX 200 Index (ASX:XJO) blue chip shares could be two of the best picks to be looking at right now.
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.