Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.
Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:
Jumbo Interactive Ltd (ASX: JIN)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $15.20 price target on this lottery ticket seller’s shares. The broker notes that lottery jackpots have been strong during the second half, which bodes well for ticket sales on Jumbo’s platform. Outside this, the broker believes there is a big opportunity for its SaaS business from the migration to online…