Business
Top brokers name 3 ASX shares to sell today 11 March 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:
Galaxy Resources Limited (ASX: GXY)
According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $1.50 price target on this lithium miner’s shares. This follows Galaxy’s announcement that it plans to push ahead with the basic engineering phase of its James Bay project in North America. The results of the Preliminary Economic Assessment were in line with what the broker was expecting. As such, no changes…
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