Business
Top brokers name 3 ASX shares to sell next week 7 February 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 Credit Suisse, its analysts have retained their underperform rating and cut the price target on this energy company’s shares to $9.50. The broker made the move after AGL announced multi-billion asset impairments last week. A good portion of these were for onerous contracts relating primarily to legacy wind farm offtake agreements. The company also spoke very negatively about the outlook for wholesale electricity prices. The AGL share price…
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