Business
Brokers name 3 ASX shares to buy right now 11 December 2020
Australia’s top brokers have been busy adjusting their estimates and recommendations 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:
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 the release of a trading update by Appen this week which revealed that it will fall well short of its guidance this year due to a weaker than expected fourth quarter. While this is disappointing, the broker expects Appen to bounce back strongly in FY 2021 when…
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