Brokers name 3 ASX shares to buy right now 5 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:

According to a note out of Citi, its analysts have retained their buy rating and lifted the price target on this furniture retailer’s shares to $12.05. This follows the release of Nick Scali’s half year results earlier this week. The retailer reported a half year net profit of $40.5 million, up 89.9% on the prior corresponding period. Citi was pleased with the result and expects the company to benefit from a favourable redirection of spending for the…