Top brokers name 3 ASX stocks to buy next week on...

Top brokers name 3 ASX stocks to buy next week on...
Top brokers name 3 ASX stocks to buy next week on...
A large number of brokerage notes hit the wires again last week. Three purchase reviews that caught my eye are summarized below.

The brokers think investors should buy them next week:

Bank of Queensland Limited (ASX: BOQ)

After a hint MorgansThe analysts of this region have their stocks on a Add Valuation with a price target of $ 7.20. The broker took the move after the Bank of Queensland delivered full year results that were above their expectations. This was due to strong net interest income. Looking ahead, the broker finds that its predictions are ahead of consensus estimates. However, these estimates are more than achievable. While I see more value in some of the big four banks, the Bank of Queensland seems like a decent option.

Medibank Private Ltd. (ASX: MPL)

A note from Morgan Stanley shows that its analysts have increased the shares of this private health insurer to a value Obesity Valuation with an improved price target of $ 3.10. The broker took the move after increasing its profit forecast to accommodate lower than previously expected claims. Additionally, the broker believes that Medibank is well positioned to meet its policyholder growth targets in fiscal 2021. Although I think the broker is highlighting some good points, I still have concerns about affordability issues. Until they are resolved, I stay out of the industry.

Telstra Corporation Ltd. (ASX: TLS)

Analysts at UBS have kept theirs to buy Rating and a target price of $ 3.70 on the shares of this telecommunications giant. According to the notice, the broker suspended its dividend estimates based on comments made at its annual general meeting last week. Telstra’s board of directors has announced that it is ready to adjust its dividend policy to maintain the fully franked dividend of 16 cents per share. It will do so if it is assumed that this dividend can be sustained beyond the NBN rollout. UBS seems confident that this is possible. I agree with the broker and I think Telstra would be a great option for high income investors.

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With ‘Doc’ Mahanti believing this fast growing company has all the hallmarks of real moonshot potential, forget about “buy now, pay later”. This stock could be the next hot stock on the ASX.

See how you can find out the name of this stock

Returns from October 6, 2020

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