Business
Top brokers name 3 ASX shares to buy today 9 December 2020
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 retained their overweight rating and $120.00 price target on this payments company’s shares. The broker notes that the RBA has indicated that it will allow the company to prevent retailers imposing a surcharge when shoppers use its service. This, together with the prospects of lower debit card fees, is being seen as a big positive for Afterpay. The Afterpay share price is trading…
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