Top brokers name 3 ASX shares to buy today 20 January 2021

Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Baby Bunting Group Ltd (ASX: BBN)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $5.50 price target on this baby products retailer’s shares. The broker suspects that Baby Bunting could outperform expectations in the first half of FY 2021 due to market share gains and its strong online presence. In addition to this, the broker feels it is in a stronger position than its competitors due to its…