Broker Notes: Why analysts name Smartgroup, EML Payments and Lovisa to buy now?

$Smartgroup Corporation Ltd (SIQ.AU)$: Macquarie upgrades the stock to outperform from neutral and lifts its target price 6.1% to A$6.62.
The proposals by Australia's government to cut tariffs on EVs and abolish fringe benefits tax on some EVs could make them about 50% cheaper than comparably priced standard vehicles--if purchased through novated leases, in which Smartgroup deals. The policy change represents upside risk to medium-term earnings, Macquarie says.

$EML Payments Ltd (EML.AU)$: UBS maintains a buy rating on the stock and cuts the target price 8.7% to A$2.10.
EML Payments' latest contract win with Spain's government is important in that it indicates that customers remain comfortable dealing with the Australian company following regulatory issues at its Irish unit, UBS says.

$Lovisa Holdings Ltd (LOV.AU)$: Citi has a buy rating on the stock.
Australian jewelry brand Lovisa's expansion into Canada and Poland is an encouraging sign, as it seems to indicate that the company plans to continue to expand its global store network, with more new markets likely to come, say Citi analysts.