It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Image source: Getty Images
Airtasker Ltd (ASX: ART)
According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on this small jobs marketplace provider's shares to $1.05. Morgans was pleased with Airtasker's fourth quarter update, noting that it delivered solid growth in challenging conditions. It was also pleased to see that cost saving opportunities have been identified and should support its cash flow. The Airtasker share price is trading at 39 cents on Friday.
CSL Limited (ASX: CSL)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $312.00 price target on this biotech giant's shares. Morgan Stanley has been looking at recent results in the industry. These all appear supportive of its positive view on CSL and the plasma collection recovery from the pandemic. The CSL share price is fetching $290.26 this afternoon.
Mineral Resources Limited (ASX: MIN)
Analysts at Bell Potter have retained their buy rating and lifted their price target on this mining and mining services company's shares to $75.00. Bell Potter is bullish on Mineral Resources due largely to its lithium business. The broker is expecting this side of its business to start yielding increasing returns from FY 2023. In addition, the broker is pleased with management's plan to lower the costs of its iron ore business and sees a lot of potential in its "embryonic" energy business. The Mineral Resources share price is trading at $53.86 on Friday afternoon.
