Business
The ASX shares brokers think you should be watching
With the ASX 200 continuing to ping pong back and forth, here are the ASX shares that big brokers think you should be watching.
Ardent Leisure Group Ltd (ASX: ALG)
Citi believes Ardent Leisure could be an attractive way to play into the re-opening economy and pent-up demand narrative. The broker notes that the company’s balance sheet and liquidity concerns are being resolved. Additionally, its valuation is underpinned by the theme park asset value of at least $89 million prior to rezoning.
What’s interesting is that despite Citi’s buy rating, its target price of 82 cents was unchanged. The Ardent Leisure share price trading at 92 cents at the time of writing. This represents a downside of 10%.
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