Business
Top brokers name 3 ASX shares to sell next week 28 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:
Aurizon Holdings Ltd (ASX: AZJ)
According to a note out of Goldman Sachs, its analysts have retained their sell rating and $3.66 price target on this rail freight company’s shares. The broker notes that the floods in New South Wales have impacted the state’s coal network rail corridor. Goldman believes this poses a risk for Aurizon meeting its guidance for the full year. In addition to this, looking longer term, the broker has concerns over the deterioration of the…
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