Top brokers name 3 ASX shares to buy now

Résumé détaillé

Here's what brokers are recommending as buys this week. The post Top brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

Many of Australia's top brokers have been busy adjusting their financial models and recommendations following the release of company trading updates and financial results.

Three ASX shares that brokers have named as buys are listed below. Here's why their analysts are feeling bullish on them right now:

According to a note out of Macquarie, its analysts have retained their outperform rating on this travel company's shares with a slightly reduced price target of $14.79. This follows Flight Centre's annual general meeting update, which revealed that management is forecasting underlying profit before tax of between $290 million and $325 million in FY 2027. This represents growth of 4% to 17% year on year. Macquarie highlights that earnings are expected to be heavily weighted towards the second half, supported by improving leisure trading conditions.

A note out of Morgans reveals that its analysts have retained their buy rating on this gaming technology company's shares with a reduced price target of $165.00. This follows the release of Light & Wonder's third-quarter results, which were a touch mixed. While its Gaming and iGaming businesses performed relatively well, its SciPlay social gaming division continued to struggle. However, Morgans was encouraged by the company's strong cash generation, with adjusted free cash flow reaching US$181 million during the quarter. This helped fund US$156 million in debt reduction, bringing its leverage ratio down to 3.3 times.

Analysts at Morgan Stanley have retained their overweight rating on this airline's shares with a reduced price target of $11.80. According to the note, the broker remains positive following Qantas' latest trading update, which revealed that travel demand continues to hold up well despite challenging economic conditions. Management maintained its forecast for domestic and international revenue per available seat kilometre to increase by 8% to 10% in the first half of FY 2027.

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