Top brokers name 3 ASX shares to sell today 18 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:

According to a note out of UBS, its analysts have retained their sell rating and lowly $36.00 price target on this payments company’s shares. This follows the announcement of a new buy now pay later offering by Commonwealth Bank of Australia (ASX: CBA). It notes that this service will not have additional fees for merchants. The broker believes this highlights the risk Afterpay faces from regulation for its no surcharge rules for merchants….