Business
Top brokers name 3 ASX shares to buy next week 28 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:
Adore Beauty Group Ltd (ASX: ABY)
According to a note out of UBS, its analysts have upgraded this online beauty retailer’s shares to a buy rating with a $6.20 price target. The broker made the move following the release of a strong half year result by Adore Beauty last week. UBS was pleased with its gross margin expansion, which was driven by strong customer growth and retention. Looking ahead, while it acknowledges that the company has benefited greatly from the shift online during the pandemic, it believes it remains well positioned…
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