Business
Top brokers name 3 ASX shares to buy next week 27 December 2020
Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.
Here’s why brokers think investors ought to buy them next week:
According to a note out of Morgans, its analysts have retained their add rating but trimmed the price target on this infant formula company’s shares to $12.20. This follows a2 Milk Company’s earnings guidance downgrade due to weakness in the daigou channel. While the broker acknowledges that investor sentiment will be impacted by the uncertainty it is facing, it takes comfort in the company’s strong performance in mainland China. And although it has downgraded its earnings forecasts by almost a third for the coming years, the…
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