Business
Leading brokers name 3 ASX shares to sell today 15 December 2020
On Monday 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 that have just been given sell ratings are listed below.
Here’s why these brokers are bearish on these ASX shares:
According to a note out of UBS, its analysts have downgraded this energy company’s shares to a sell rating and cut the price target on them to $12.25. The broker made the move after reducing its forecasts to account for margin pressures from lower wholesale electricity prices. It also has concerns over the shift to renewable energy and AGL’s reliance of coal for its electricity generation. Combined, it is expecting the company’s earnings to fall…
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