Business
Top brokers name 3 ASX shares to sell next week 7 March 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 but lifted their price target on this infection prevention company’s shares to $4.30. Citi suspects that FY 2021 could be a tough year for Nanosonics due to the impact of COVID-19 on Trophon EPR adoption. In addition to this, the broker believes that the market is already pricing in a new product launch with a significant addressable opportunity. While it is optimistic that new products will…
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