Business
Top brokers name 3 ASX shares to buy next week 6 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 Morgan Stanley, its analysts have retained their overweight rating and $148.00 price target on this investment bank’s shares. This follows the announcement of the acquisition of Waddell & Reed’s asset manager business for $2.3 billion. While the broker doesn’t seem 100% convinced by the acquisition in respect to strategy, it does see it as compelling financially. It is expected to be upwards of 3.5% earnings accretive in FY 2022 pre-synergies. The Macquarie share price ended the week at $141.82.
A…
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