Business
Brokers name 3 ASX shares to buy right now 19 February 2021
Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a number of broker notes.
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:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
According to a note out of Credit Suisse, its analysts have retained their outperform rating and lifted their price target on this banking giant’s shares to $29.50. The broker was pleased with ANZ’s first quarter update, which was far better than it expected thanks to its strong net interest margin. This stronger result has led to the broker making positive revisions to its earnings forecasts, which…
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