Business
Leading brokers name 3 ASX shares to sell today 16 February 2021
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 Goldman Sachs, its analysts have downgraded this energy company’s shares to a sell rating and cut the price target on them to $1.55. Goldman made the move after Beach Energy’s half year update fell short of its expectations. In addition, the broker has concerns about east coast gas repricing risks and higher expected capital intensity for the Western Flank. This has led to Goldman cutting its earnings estimates. The Beach…
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