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
Domino's Pizza Enterprises Ltd (ASX: DMP)
According to a note out of Citi, its analysts have retained their buy rating and $92.95 price target on this pizza chain operator's shares. This follows news that another Domino's fanchisee, ePizza, has closed down its operations in Italy. Citi sees this as a potential opportunity for the company to expand into the market to take its place. The broker believes its existing European infrastructure could give it a greater chance of success in the country. The Domino's share price is trading at $69.44 today.
Pilbara Minerals Ltd (ASX: PLS)
Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this lithium miner's shares to $3.60. The broker made the move after increasing its earnings forecasts for FY 2023 and FY 2024 materially on the back of higher spodumene price assumptions. The Pilbara Minerals share price is fetching $3.08 on Friday afternoon.
Telstra Corporation Ltd (ASX: TLS)
Analysts at Morgans have retained their add rating and lifted their price target on this telco giant's shares to $4.60. This follows the release of a full year result that Morgans described as "good". The broker was also pleased to see that the company's FY 2023 guidance was in line with market expectations. Outside this, Morgans highlights that Telstra has the strongest tailwinds in a decade. The Telstra share price is trading at $3.99 on Friday.
