Business
Brokers name 3 ASX shares to buy right now 18 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:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
According to a note out of Morgans, its analysts have retained their add rating and increased their price target on this banking giant’s shares to $26.00. The broker notes that APRA has removed dividend restrictions on the banks from 2021. It expects this to result in ANZ lifting its dividend payout ratio to upwards of 70% in the coming years. In light of this, Morgans is forecasting a…
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