Business
Top brokers name 3 ASX shares to sell next week 25 April 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 Credit Suisse, its analysts have resumed coverage on this infant formula company’s shares with an underperform rating and $7.15 price target. The broker has suggested that China’s declining birth rate could result in the infant formula market contracting in the coming years. In fact, it estimates that the number of babies of infant formula age could reduce by almost a third in 2025 compared to 2018’s numbers. The a2 Milk share price ended…
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