Business
Leading brokers name 3 ASX shares to sell today 2 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:
Mineral Resources Limited (ASX: MIN)
According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $30.20 price target on this mining and mining services company’s shares. This follows the release of a mixed second quarter update. Morgan Stanley appears disappointed with Mineral Resources’ iron ore and lithium shipments during the quarter. In light of this and its belief that its valuation is stretched, it has held…
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