Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.

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

Johns Lyng Group Ltd (ASX: JLG)

According to a note out of Morgans, its analysts have retained their add rating and $5.10 price target on this integrated building services company's shares. This follows news that Johns Lyng will extend its domestic insurance building and restoration presence via the acquisition of an ~87.5% interest in Keystone Group. The company is paying $47.7 million up front and an earn out of up to $21.4 million over FY 2025 and FY 2026. Morgans sees Keystone as highly complementary to its existing IB&RS business, which provides further scale to the group's domestic operations, as well as increased exposure to commercial and large loss claims work. The Johns Lyng share price is trading at $3.57 on Wednesday.

Light & Wonder Inc. (ASX: LNW)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $190.00 price target on this game developer's shares. This follows news that the US District Court in Nevada has granted Aristocrat Leisure Limited (ASX: ALL) a preliminary injunction relating to Light & Wonder's Dragon Train game. Goldman notes that the court found that Aristocrat is extremely likely to succeed in demonstrating that Light & Wonder misappropriated its trade secrets. While Goldman acknowledges that the update is disappointing, given the early successes of Dragon Train in Australia and the US, it feels the share price decline has been overdone. Especially given that the impact on near-term consensus earnings is likely to be limited after the company reaffirmed its US$1.4 billion operating earnings target, which is already slightly ahead of consensus estimates. The Light & Wonder share price is fetching $130.74 today.

Web Travel Group Ltd (ASX: WEB)

Analysts at Morgans have retained their add rating on this business to business travel marketplace provider's shares with a reduced price target of $8.60. This follows the demerger of its consumer business, Webjet Group (ASX: WJL). The broker highlights management's strong track record of winning market share and believes this trend can continue. Though, it acknowledges that its first half update could be a touch softer than previous years. The Web Travel Group share price is trading at $7.16 at the time of writing. Incidentally, Morgans values the spun-off Webjet Group (ASX: WJL) business at 95 cents.