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Brokers name 3 ASX shares to buy now
James Mickleboro
© Provided by The Motley Fool
Australia’s top brokers have been busy adjusting their estimates and recommendations once again. This has led 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
Macquarie, its analysts have retained their
outperform rating and $57.00 price target on this mining giant’s shares. Although the iron ore price has pulled back notably from recent highs, the broker remains positive on miners with exposure to the steel making ingredient. Particularly given the strong free cash flow that BHP is generating at current prices even after recent weakness. This is expected to support generous dividend payments. The BHP share price is currently fetching $46.90.

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