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.

Finally, here are three more shares which I rate as strong buys today.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.