Business
Top brokers name 3 ASX shares to buy next week 13 December 2020
Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.
Here’s why brokers think investors ought to buy them next week:
According to a note out of UBS, its analysts have retained their buy rating and $44.00 price target on this artificial intelligence services company’s shares. This is despite Appen downgrading its FY 2020 earnings guidance last week due to COVID headwinds. UBS believes investors should look beyond this short term weakness and focus on its long term opportunity. The broker is expecting a rebound in its performance in FY 2021 when these headwinds ease. The Appen share price ended the week at $25.44.
Australian Pharmaceutical…
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