It has been another busy week for Australia's top brokers. This has led to the release of a number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Lynas Rare Earths Ltd (ASX: LYC)
According to a note out of Bell Potter, its analysts have retained their buy rating on this rare earths producer's shares with a trimmed price target of $8.50. Bell Potter has reduced its forecasts to reflect weaker rare earths prices. Nevertheless, it remains positive and is optimistic that supply constraints will be a boost to prices in the medium term. Outside this, it notes that Lynas is a high-quality business and a key supplier of separated rare earths to Western economies. The Lynas share price is trading at $6.42 on Friday.
Orora Ltd (ASX: ORA)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $3.55 price target on this packaging giant's shares. This follows news that China's Ministry of Commerce is launching an anti-dumping investigation into cognac and is arguing that a tariff of 15.88% should be applied. Goldman has looked through the potential impacts on Orora's Saverglass business and believes it will be relatively immaterial. As a result, it remains as bullish as ever on the company. The Orora share price is fetching $2.61 today.
Worley Ltd (ASX: WOR)
Analysts at Citi have retained their buy rating and $20.50 price target on this engineering company's shares. The broker appears to believe that weakness this week caused by corruption allegations in Ecuador has created a buying opportunity for investors. Particularly given how it expects a strong result in February to potentially give its shares a big boost. The Worley share price is currently trading at $16.10.
