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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.
Here’s why brokers think investors ought to buy them next week:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Morgans, its analysts have retained their add rating and $43.00 price target on this gaming technology company’s shares. The broker was pleased with the company’s investor round table event and came away from the event as bullish as ever. It highlights Aristocrat’s superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses. The Aristocrat share price ended the week at $37.20.
Liontown Resources Ltd (ASX: LTR)
A note out of Bell Potter reveals that its analysts have retained their speculative buy rating on this lithium developer’s shares with an improved price target of $3.35. Its analysts believe that Albemarle’s takeover approach speaks to the quality of Kathleen Valley and the scarcity of growth opportunities in the sector. And while the broker feels the offer was reasonable, it doesn’t believe it was full. The Liontown share price was fetching $2.58 at Friday’s close.
Premier Investments Limited (ASX: PMV)
Analysts at Macquarie have retained their outperform rating on the retail conglomerate’s shares with an improved price target of $30.50. Macquarie was impressed with Premier Investments’ half-year results, noting that its earnings came in well-ahead of its expectations. In light of this strong performance, the broker has bumped its earnings estimates higher and lifted its valuation accordingly. The Premier Investments share price ended the week at $26.09.
