Business
Leading brokers name 3 ASX shares to sell today 2 March 2021
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 UBS, its analysts have retained their sell rating but lifted their price target on this payments company’s shares to $36.00. This follows the release of Afterpay’s half year results and $1.25 billion capital raising. UBS continues to believe that its shares are vastly overvalued and sees no reason to change its rating. Though, it acknowledges that the market is unlikely to see things the same way in the near term. The Afterpay…
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