Business
Top brokers name 3 ASX shares to sell today 28 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:
Commonwealth Bank of Australia (ASX: CBA)
According to a note out of Macquarie, its analysts have retained their underperform rating but lifted the price target on this banking giant’s shares to $78.00. Macquarie notes that Commonwealth Bank is still operating in a challenging environment and facing margin and fee pressures. It doesn’t feel that this is being factored into its share price, which it believes is looking stretched. The…
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