Home Sports Brokers Name 3 ASX Shares to Buy Today 28 October 2022

Brokers Name 3 ASX Shares to Buy Today 28 October 2022

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It’s been another busy week for Australia’s top brokers. This resulted in the release of a large number of broker notes.

Below are three broker buy ratings that you may want to learn more about. Here’s why brokers believe these ASX shares are in a buy zone:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

Analysts maintained a buy rating on the bank’s stock with an upgraded price target of $29.25, Citi said in a statement. It comes after the banking giant posted stronger-than-expected full-year results. And while Citi admits ANZ’s cost guidance spooked investors, it remains bullish and expects consensus estimates to rise to reflect higher net interest margins. ANZ’s share price today is trading at $25.24.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

A note from Morgans indicated that its analysts maintained their rating with a slightly lowered target price of $88.00. The broker slightly lowered its earnings estimates for the coming years to reflect cost inflation and other factors. However, he feels these headwinds will be temporary and remains very optimistic about the company’s long-term growth thanks to store expansion plans. Domino’s stock hit $61.73 on Friday afternoon.

Super Retail Group Ltd (ASX: SUL)

Analysts at Goldman Sachs maintained a buy rating on the retailer’s stock with an upgraded price target of $13.90. This followed the release of a trading update which showed that Super Retail’s sales were up 20% in the first 16 weeks of the 2023 financial year. Goldman was pleased with the update and appears confident that its strong form will continue into the Christmas trading period. So, at less than 10 times forward earnings, the broker believes its stock is highly valued at current levels. Shares of Super Retail traded at $10.01 on Friday.

https://www.fool.com.au/2022/10/28/brokers-name-3-asx-shares-to-buy-today-134/

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