Broker Notes: Why analysts name Eagers, BlueScope and Boral to buy now?

$Eagers Automotive Ltd (APE.AU)$: Bell Potter cuts its price target on Eagers by 10% to A$15.50/share, while retaining a buy call on the stock.
Car dealership Eagers Automotive's earnings are close to a high watermark, signals Bell Potter analyst Chris Savage. In a note, he says Eagers is likely to report a slight beat to guidance in 1H and then a similar result in 2H as constraints on the supply of vehicles are unlikely to ease materially in the short term.
Shares are 4.17% lower at A$11.02.

$BlueScope Steel Ltd (BSL.AU)$: UBS has a buy call on BlueScope.
While ongoing supply chain tightness helps to support BlueScope Steel as a domestic flat steel producer, it also keeps working capital elevated. UBS analyst Lee Power says BlueScope's inventory swelled by A$1 billion in 1H and the bank had been expecting working capital to unwind by A$127 million in 2H.
Shares are 1.76% lower at A$17.88.

$Serko Ltd (SKO.AU)$: Citi remains buy rating and cuts target price by 11% to A$5.10.
Serko will burn more cash in FY 2023 than Citi's analysts previously anticipated but their fundamental view of the travel-booking software company remains unchanged.
Shares are 7.86% lower at A$3.75.

$Boral Ltd (BLD.AU)$: Morgan Stanley cuts its recommendation on the stock to underweight from equal-weight and with target price of A$2.80.
The prospect of improved FY 2023 earnings at Boral is already priced in at the stock's current levels, Morgan Stanley analysts say.
Shares are 3.54% lower at A$3.

$Boral Ltd (BLD.AU)$ $Integral Diagnostics Ltd (IDX.AU)$ $OFX Group Ltd (OFX.AU)$
Source: Dow Jones Newswires, AFR