Business
These 2 ASX shares are the newest “buy” ideas from top brokers
No one will blame you if you feel there’s a lack of buying opportunities among ASX shares as the S&P/ASX 200 Index (Index:^AXJO) pushes towards record highs.
But there are ASX shares that are in the “buy” zone and leading brokers have picked the latest two that’s worth considering in this toppish market.
The first is the Select Harvests Limited (ASX: SHV) share price as Citigroup initiated coverage on the stock with a “buy” recommendation.
Going nuts about earnings growth
The broker believes the almond grower’s profits will increase at 41% a compound annual growth rate (CAGR) from FY20 to FY23.
The big profit drivers for the Select Harvests share price are a rebound in almond prices on lower Californian supply, the…
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