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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.
Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:
According to a note out of
Morgan Stanley, its analysts have upgraded this steel producer’s shares to an
overweight rating with an improved price target of $27.00. The broker made the move on the belief that current steel spreads will lead to consensus earnings upgrades and put the company in a position to consider capital management initiatives. In response to the favourable trading conditions, Morgan Stanley has upgraded its earnings forecasts materially for the coming years. The BlueScope share price is fetching $21.49 today.
Why brokers think these 3 top performing ASX 200 shares can beat the market
Kerry Sun | April 19, 2021 4:56pm |
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The ASX 200 is within an arms reach of its pre-COVID highs. As ASX 200 shares continue to grind higher, here are the ones that brokers think can outperform the market.
ASX 200 shares that could beat the market
1. Eagers Automotive Ltd (ASX: APE)
Positive automotive data such as used car sales and increased driving as well as hygiene concerns on public transport has helped fuel a bullish run for ASX-listed automotive shares such as
Super Retail Group Ltd(ASX: SUL).
Big brokers think these 5 ASX shares can outperform the market
Kerry Sun | April 13, 2021 12:39pm |
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Big brokers have run the ruler on ASX shares that could beat the market. Here are the ones that have been rated as a buy or buy equivalent on Tuesday.
ASX shares that could outperform the market
3P Learning announced on Monday that it will acquire 100% of Blake eLearning to emerge as a leading educational technology platform.
Morgan Stanley views this as a positive transaction in terms of scale, product mix, customer mix and potential for meaningful revenue and cost synergies.