Business
Top brokers name 3 ASX shares to sell today 14 January 2021
On Wednesday 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 ASX shares that have just been given sell ratings by brokers are listed below. Here’s why these brokers are bearish on them:
According to a note out of Morgan Stanley, its analysts have downgraded this building products company’s shares to an underweight rating and cut the price target on them to $3.30. The broker believes the company’s shares are fully valued given its reasonably subdued growth outlook. In light of this, it feels there are better options elsewhere in the sector for investors right now. The Adbri share price has tumbled below this price target to…
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