Business
Leading brokers name 3 ASX shares to sell today 19 January 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:
Bendigo and Adelaide Bank Ltd (ASX: BEN)
According to a note out of Goldman Sachs, its analysts have downgraded this regional bank’s shares to a sell rating but with an improved price target of $9.24. The broker made the move due to net interest margin risks and on valuation grounds. In light of this, it sees better value on offer elsewhere in the banking sector for investors. Goldman is also currently forecasting FY 2021 earnings that are notably lower…
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