Business
Top brokers name 3 ASX shares to buy today 24 February 2021
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:
Bank of Queensland Limited (ASX: BOQ)
According to a note out of Morgans, its analysts have upgraded this regional bank’s shares to an add rating with an improved price target of $10.00. The broker made the move after Bank of Queensland announced the acquisition of ME Bank for $1.325 billion. Morgans is forecasting the acquisition to be highly accretive to earnings. It also notes that a trading update reveals that the company is on course to…
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