Business
Leading brokers name 3 ASX shares to sell today 23 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:
Analysts at Goldman Sachs have retained their sell rating but lifted their price target on this hearing solutions company’s shares to $189.00. According to the note, the broker was pleased with its half year results but doesn’t see value in its shares at this level. It estimates that Cochlear will grow its earnings by a compound annual growth rate of 8% between FY 2022 and FY 2025. Goldman doesn’t believe this level of growth supports the multiples…
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