Business
Top brokers name 3 ASX shares to buy next week 7 February 2021
Last week saw a 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:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
According to a note out of Morgans, its analysts have retained their add rating and lifted the price target on this banking giant’s shares to $28.50. The broker made the move ahead of a series of updates in the sector during February. Morgans suspects that credit impairment charges could positively surprise this month based on APRA’s COVID loan deferral updates. Looking ahead, the broker is expecting ANZ to pay shareholders a dividend of $1.27 per share in FY 2021. The ANZ share price…
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