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Leading brokers name 3 ASX shares to buy today

With so many quality shares to choose from, it can be tricky for investors to pick out which shares to invest in.

Thankfully a number of investment banks up and down the country have been busy re-rating shares.

Research notes released this week reveal that the following three shares have just been rated as buys. Should you invest?

Huon Aquaculture Group Ltd (ASX: HUO)

A note out of Ord Minnett reveals that its analysts have upgraded the salmon producer to a buy rating with a $5.86 price target. Due to growing demand and a reduction in competition, the broker expects higher wholesale salmon prices and strong profit growth. Whilst I have a preference for rival Tassal Group Limited (ASX: TGR), I believe both companies have the wind in their sails now and could be equally good investments.

Orora Ltd (ASX: ORA)

A research note out of the Macquarie equities desk yesterday revealed that its analysts have reiterated their outperform rating on the packaging company, but reduced their target price slightly to $3.22. According to the note the broker thinks that Orora’s shares are good value now following a spot of weakness in its share price in recent months. I would have to agree with Macquarie on this one. There are a number of options in the packaging industry for Australian investors to choose from, but Orora would be my first pick.

Pilbara Minerals Ltd (ASX: PLS)

According to a research note of Citi, the investment bank has slapped a high risk buy rating and 65 cents price target on the lithium miner’s shares. Whilst its analysts acknowledge that rising demand for lithium is a big positive for Pilbara, it is concerned that global supply could ramp up thanks to the high prices being offered for the metal. Although Pilbara Minerals wouldn’t be my first pick in the industry, I do agree that the lithium miners could be big winners if demand continues to outstrip supply.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.