Business
Leading brokers name 3 ASX shares to sell today 24 November 2020
On Monday I looked at three ASX shares that brokers have given buy ratings to this week.
Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below.
Here’s why these brokers are bearish on these ASX shares:
According to a note out of Goldman Sachs, its analysts have retained their sell rating and $23.30 price target on this fuel retailer’s shares. Goldman was pleasantly surprised by Ampol’s announcement of a $300 million off-market share buyback. It thought the company may delay capital returns due to the difficult trading conditions and Lynton refinery closure. However, this isn’t enough for a change of rating by the broker. It continues to see value…
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