Top brokers name 3 ASX shares to sell next week 31 January 2021

Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

According to a note out of Citi, its analysts have retained their sell rating and cut the price target on this infant formula company’s shares to 51 cents. The broker made the move after Bubs’ second quarter update fell short of its expectations. Not only did the company’s sales miss expectations, but Bubs burned through more cash than it expected. Citi isn’t confident the third quarter will be any better, especially given the continued disruption in the daigou…